KuCoin Futures has announced an upgrade for the THETA USDT-margined perpetual contract on August 10, 2023.
The upgrade will take about 35 minutes, during which several KuCoin functionalities, such as order-matching, order placing, take profit/stop loss, and auto-deposit margin on the KuCoin Futures website, will be temporarily suspended. Additionally, existing Futures Grid Bots may display abnormal data. However, unconventional data display will not affect any user’s investment and will return to normal after the upgrade is completed.
As a precautionary measure, users are encouraged to enable the “Auto-Deposit Margin” feature or close their positions before the upgrade. In the event of a significant price fluctuation, the upgrade will be postponed, and users will receive timely notification through an announcement.
KuCoin Futures Explained
KuCoin Futures is a derivative trading platform that allows users to engage in futures trading, which is a type of financial contract that enables traders to speculate on the future price movements of various assets.
Through Kucoin Futures, traders can trade futures contracts, such as perpetual contracts and futures with fixed expiry dates. Perpetual contracts are continuous contracts with no specific expiration date, while futures with fixed expiry dates have predefined settlement dates.
