Announcement on the Adjustment of the Funding Rate Settlement Frequency for the AXLUSDT USDT-M Perpetual Contract

Dear Users,

Pionex will adjust the funding rate settlement frequency for the AXLUSDT USDT-M Perpetual Contract on March 5th, 2024, at 08:00 (UTC).

The detailed arrangements are as follows:

Please Note:

• Starting from March 5th, 2024, 08:00 (UTC), the funding rate settlement frequency for the AXLUSDT USDT-M Perpetual Contract will change from once every eight hours to once every four hours.
• Due to excessive market volatility in the AXLUSDT USDT-M Contract, Pionex will implement additional protective measures for the rules of the AXLUSDT USDT-M Perpetual Contract to safeguard user interests and mitigate risks during extreme market conditions. Please be aware of the risks.

Pionex Team

March 5th, 2024