The cryptocurrency derivatives market is constantly evolving, and exchanges regularly adjust their offerings to align with market demand, liquidity, and asset performance. One such update comes from HTX (formerly Huobi), which has announced the delisting of the IOTA/USDT perpetual contract settled in USDT. This move reflects broader industry practices aimed at streamlining product portfolios and ensuring platform efficiency.
This article provides a comprehensive overview of the delisting process, its implications for traders, and best practices for managing positions ahead of contract termination. Whether you're an active futures trader or simply tracking market changes, understanding these updates is crucial for maintaining control over your digital asset strategy.
Contract Termination Details
HTX has scheduled the official delisting of the IOTA/USDT USDT-margined perpetual contract for August 15, 2025, at 16:00 (GMT+8). At this time, all open positions will be automatically settled, and the trading pair will be suspended.
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The final settlement price will be calculated as the arithmetic average of the index price during the 60 minutes preceding delisting. This method helps ensure fairness by smoothing out potential volatility spikes near the closure window.
In cases where the index price is suspected of being manipulated or experiencing abnormal fluctuations during that period, HTX reserves the right to adjust the final settlement price to a more reasonable level based on market conditions.
What Happens to Open Positions and Orders?
All unfilled limit orders for IOTA/USDT will be canceled automatically upon delisting. Traders are strongly encouraged to manually close or adjust their positions before the deadline to maintain full control over exit prices.
Importantly:
- No funding fees will be charged on the day of delisting.
- There are no additional fees associated with the forced settlement, such as delivery or processing charges.
- Your USDT balance and other account assets remain unaffected—only the specific perpetual contract product is being removed.
This ensures that users retain full access to their capital while transitioning away from discontinued derivatives.
Risk Management Ahead of Delisting
Volatility often increases as contracts approach expiration or delisting. With reduced liquidity and fewer participants, price swings can become more pronounced, increasing the risk of liquidation—especially for highly leveraged positions.
To mitigate exposure:
- Consider reducing leverage as the delisting date approaches.
- Close positions early to avoid reliance on automated settlement.
- Monitor market depth and order book activity in the final hours.
HTX emphasizes that traders should proactively manage their risk rather than wait for automatic execution.
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Handling of Liquidation Losses
In the event that forced settlements result in underwater positions (i.e., negative equity), HTX follows a standard risk absorption protocol:
- The platform’s insurance fund will first cover any shortfall.
- If the insurance fund is insufficient, remaining losses will be distributed across profitable accounts in the same settlement cycle.
- Distribution occurs on a pro-rata basis according to each account’s realized profit share.
This mechanism protects the integrity of the trading system and prevents systemic risk caused by cascading defaults.
Post-Delisting Status and Data Retention
After August 15, 2025:
- The IOTA/USDT perpetual contract will enter a “halted” status.
- It will remain visible for one week, after which it will be hidden from trading interfaces.
- Historical data—including trade records, financial logs, and order history—will be accessible via the web platform during this period.
Users who need to archive transaction details should export their reports before the data becomes inaccessible. This includes:
- Position history
- Funding fee records
- Profit and loss statements
Timely backup ensures compliance with personal accounting needs and tax reporting obligations.
Why Are Contracts Delisted?
Delistings are common across major exchanges and typically occur due to one or more of the following reasons:
- Low trading volume or declining user interest
- Poor liquidity leading to slippage and manipulation risks
- Project-related concerns (e.g., lack of development progress)
- Strategic portfolio optimization by the exchange
IOTA, while once a prominent player in the distributed ledger space, has seen shifting market dynamics. The decision to delist its perpetual contract likely reflects changing trader demand rather than any single negative factor.
Exchanges like HTX continuously evaluate contract performance using metrics such as open interest, funding rates, and bid-ask spread stability.
Frequently Asked Questions (FAQ)
Q: Will my USDT balance be affected by this delisting?
A: No. Only the IOTA/USDT perpetual contract is being removed. Your USDT funds and other assets remain fully available.
Q: Do I need to take action before August 15?
A: Yes. It’s recommended to close open positions and cancel pending orders manually to avoid automatic settlement at potentially unfavorable prices.
Q: Can I still view my past trades after delisting?
A: Yes. Trade history, financial records, and order logs will be available for one week post-delisting via the web interface.
Q: Is there a fee for the forced settlement?
A: No. There are no delivery fees or extra charges during the delisting process.
Q: What happens if I’m liquidated during the final hour?
A: Standard risk-sharing rules apply. The insurance fund covers losses first; if insufficient, profitable accounts may share residual losses proportionally.
Q: Will IOTA be relisted in the future?
A: HTX does not provide forward guidance on relisting. Any future reintroduction would depend on market conditions and platform assessment.
Final Thoughts
The delisting of the IOTA/USDT perpetual contract is part of routine platform maintenance in the fast-moving crypto derivatives ecosystem. While such changes may require short-term adjustments, they ultimately contribute to a healthier, more sustainable trading environment.
Traders should use this opportunity to review their exposure to low-liquidity assets and consider diversifying across more actively traded instruments. Staying informed about exchange announcements ensures better decision-making and risk control.
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As always, conduct your own research and never invest more than you can afford to lose. The crypto market rewards vigilance, adaptability, and disciplined risk management.
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