Basefex Announce BTCUSDT Contract Size Change

Basefex Announce BTCUSDT Contract Size Change

Basefex have announced to their clients that the size of BTCUSDT contracts has been altered, changing from 0.01 BTC to 0.001 BTC.

The change to these contracts is all set to go with the platform revealing that the development stage of the process has been completed, with them stating that a full rollout will be happening on the 9th December. This means by next week the new contract size will be live and you can start making use of it, enabling you a larger margin by which to choose contracts.

As a result of this new implementation, it will mean the system has to close all positions that are currently open on the BTCUSDT contract. They have stated that the implementation of the new contract size will be around 30 minutes, which will be the time frame where you can make use of the BTCUSDT contracts. This is likely to be just a minor inconvenience though.

Basefex have stated that users involved in such contract need to make sure they take note, stating “If you have or plan to have a position on the BTCUSDT contract, please be aware of this change and adjust your position accordingly to avoid unnecessary losses. It is highly recommended to have no open position on the BTCUSDT contract at the moment of implementation.”

At the current moment in time, no other details of contracts changing have been stated and other open positions involving other contracts will not be affected.

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