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

Dear Users,

Pionex will adjust the funding rate settlement frequency of the BOMEUSDT USDT-M perpetual contract at 16:00 on March 16, 2024 (UTC).

The detailed arrangements are as follows:

Please Note:

• Users are requested to refer to the updated funding rate to place orders. For orders that have been opened, users are asked to adjust their positions and margins to avoid liquidation;
• In order to protect the rights and interests of users and reduce risks under extreme market conditions, Pionex Contract may take additional protective measures for BOMEUSDT without further announcement. Potential protection measures include but are not limited to adjusting leverage and margin (including the maximum leverage multiple of each layer, position limits, and maintenance margin rates), adjusting funding rates, etc.

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.

If you encounter any problems, you can contact us at the online customer service portal of Pionex's Web or App. Thank you for your continued support of Pionex.

Thanks for your support! 

Pionex Team

March 16th, 2024