Pionex will delist SRM-related leveraged tokens & Arbitrage Will delist SRM Token

Dear users,

Due to the affection by the upstream SRM futures delisting issue, Pionex will delist SRM-related leveraged tokens and arbitrage will delist SRM tokens at 03:30 on November 15th, 2022 (UTC).

Leveraged tokens: SRM2S, SRM2L
Arbitrage: SRM

Please note:

• SRM leveraged tokens will be sold at the market price while delisting, and the converted USDT will be credited to the users' trade wallets within 5 working days.
• Pionex will automatically close the position of SRM Arbitrage orders at 02:30 on November 15th, 2022 (UTC). Users will not be able to create new Arbitrage orders, and it is recommended to manually close Spot-Futures Arbitrage Bot in advance. The loss caused by manually closing the bots will be compensated by Pionex SAFU Program.
• All existing bot trading orders and manual orders trading on SRM2S and SRM2L will be canceled and will be sold by the system automatically.

To ensure the legal rights and interests of Pionex users, please ensure that you have properly processed the SRM-related leveraged tokens and Spot-Futures Arbitrage orders before delisting. 

Risk warning：
Trading in the crypto market carries a substantial risk and the possibility of making both significant profits and losses. Please trade cautiously. Though Pionex will make its best efforts to choose high-quality assets, Pionex could not assure any profit and will not be responsible for your trading loss.

Thanks for your support!

Pionex Team
Nov 14th, 2022