In a move to enhance compliance with token management regulations, cryptocurrency exchange HTX has announced the removal of SNT/USDT perpetual contracts from its futures list, effective May 16, 2024, at 11:00 AM Turkey time.

This decision marks an important step in optimizing perpetual futures operations. By delisting SNT/USDT, HTX aims to align with token management rules, ensuring a fair and transparent process. The exchange will determine the delivery price using the arithmetic average of index prices in the last hour for closed positions.

While this change may impact transaction processes, investors are advised to be cautious and manage risks associated with price fluctuations during the delisting process. However, HTX has assured users that no costs will be incurred during this transition. There will be no capital fees or charges on the day of delisting, and assets will remain unaffected. Additionally, past data will remain accessible, and perpetual accounts will be marked as "Suspended" before being removed from HTX a week later, ensuring a smooth process for users.