Huobi releases "Notice on the Clearance Process for Existing Users in Mainland China for Contract Trading"

On October 14, Huobi issued a "Notice on the Clearance Process for Existing Users in Mainland China for Contract Trading". The notice stated that in response to the local government's regulatory policy requirements, Huobi Global will complete the orderly withdrawal of mainland China users for contract trading on the premise of ensuring the safety of user assets. The withdrawal process for existing users in mainland China for contract trading (tentative) is as follows:
1. Currency-margined delivery contracts: After delivery at 16:00 (GMT+8) on October 15, 2021, only the current quarter and next quarter contracts will be left; the current quarter and next quarter contracts will be delivered in advance at 16:00 (GMT+8) on October 29, 2021, and the delivery settlement price will be the weighted spot index price one hour before delivery.
2. Currency-based perpetual contract: Delivery and settlement will be carried out for all users at 11:00 (GMT+8) on October 27, 2021. The delivery and settlement price is the weighted spot index price one hour before delivery.
3. USDT-margined perpetual contract: Delivery and settlement will be carried out for all users at 11:00 (GMT+8) on October 28, 2021. The delivery and settlement price is the weighted spot index price one hour before delivery.
All the above times and plans are tentative. If there are any changes, Huobi Global will notify you in advance.