Dear CoinW Users,
CoinW will convert the SPCXUSDT PreIPO Perpetual Contract to the standard SPCXUSDT TradFi Perpetual Contract on June 10, 2026 at 16:30 (UTC+8). The conversion process involves suspending trading, closing positions, adjusting contract sizes, automatic position reopening, and other operations. This process is expected to be completed within 30 minutes. If it takes longer, a separate announcement will be issued.
Contract Size Adjustment:
I. Before Adjustment (2026/06/10 16:00–16:30 UTC+8)
Before the adjustment, all strategies created by users under this contract will be canceled/terminated, and the system will not recreate them.
1. All services for the SPCXUSDT pair will be suspended, including:
Opening positions
Closing positions
Contract strategies
Copy trading
Take profit/Stop loss
Trailing stop
Conditional orders
Liquidation will not be triggered
Adjusting leverage
Changing position mode
2. Platform Operations (June 10, 16:30, 2026 UTC+8):
1) Order Cancellation
All open orders under this contract will be canceled/terminated, including all unfilled orders (limit orders, take profit/stop loss orders, etc.). After cancellation, the system would not replace orders.
2) Position Close
Position price: the mark price before the adjustment.
The platform will uniformly close users’ positions under this contract. The released margin and all realized PnL (whether profit or loss) will be fully credited to users’ accounts.
3) Automatic Position Opening (Migration to Standard Contract)
After the position closing is completed, the platform will automatically open positions for users holding PreIPO contract positions, migrating their original positions to the standard SPCXUSDT TradeFi perpetual contract. The logic is as follows:
Opening price: Adjusted mark price (pre-adjustment price ÷ 1.1, rounded according to price precision).
The amount, direction and leverage are consistent with those of the original positions.
When opening positions, only users’ available account balance will be checked;
If you wish to retain the original position direction and size, please make sure your available balance is sufficient to cover the margin required for re-opening before the conversion.
Do not modify the leverage or position mode after position closing. Otherwise, the automatic position opening will fail.
For original positions opened using Super Bonuses, all profits after closing the position will be fully credited to users’ accounts. The automatic position opening will not use the Super Bonus again.
For original positions opened using Mega Coupon, if the Mega Coupon is expired, the Mega Coupon amount cannot be used again for position opening.
For original positions opened using Mega Coupon, if the Mega Coupon is not expired, the system will apply the Mega Coupon for position opening according to the original ratio.
During the transition period, the SPCXUSDT price may experience significant volatility. For users holding futures positions, strategy copy trading positions, or pending orders, the liquidation risk will significantly increase. We recommend that you close positions, cancel orders, and terminate strategies in advance to avoid trading losses.
Any trading losses incurred during the transition period shall be borne by the user. CoinW has fully informed users of the relevant risks in advance. Please make your own prudent assessment.
CoinW
Dear CoinW Users,
CoinW will convert the SPCXUSDT PreIPO Perpetual Contract to the standard SPCXUSDT TradFi Perpetual Contract on June 10, 2026 at 16:30 (UTC+8). The conversion process involves suspending trading, closing positions, adjusting contract sizes, automatic position reopening, and other operations. This process is expected to be completed within 30 minutes. If it takes longer, a separate announcement will be issued.
Contract Size Adjustment:
I. Before Adjustment (2026/06/10 16:00–16:30 UTC+8)
Before the adjustment, all strategies created by users under this contract will be canceled/terminated, and the system will not recreate them.
1. All services for the SPCXUSDT pair will be suspended, including:
Opening positions
Closing positions
Contract strategies
Copy trading
Take profit/Stop loss
Trailing stop
Conditional orders
Liquidation will not be triggered
Adjusting leverage
Changing position mode
2. Platform Operations (June 10, 16:30, 2026 UTC+8):
1) Order Cancellation
All open orders under this contract will be canceled/terminated, including all unfilled orders (limit orders, take profit/stop loss orders, etc.). After cancellation, the system would not replace orders.
2) Position Close
Position price: the mark price before the adjustment.
The platform will uniformly close users’ positions under this contract. The released margin and all realized PnL (whether profit or loss) will be fully credited to users’ accounts.
3) Automatic Position Opening (Migration to Standard Contract)
After the position closing is completed, the platform will automatically open positions for users holding PreIPO contract positions, migrating their original positions to the standard SPCXUSDT TradeFi perpetual contract. The logic is as follows:
Opening price: Adjusted mark price (pre-adjustment price ÷ 1.1, rounded according to price precision).
The amount, direction and leverage are consistent with those of the original positions.
When opening positions, only users’ available account balance will be checked;
If you wish to retain the original position direction and size, please make sure your available balance is sufficient to cover the margin required for re-opening before the conversion.
Do not modify the leverage or position mode after position closing. Otherwise, the automatic position opening will fail.
For original positions opened using Super Bonuses, all profits after closing the position will be fully credited to users’ accounts. The automatic position opening will not use the Super Bonus again.
For original positions opened using Mega Coupon, if the Mega Coupon is expired, the Mega Coupon amount cannot be used again for position opening.
For original positions opened using Mega Coupon, if the Mega Coupon is not expired, the system will apply the Mega Coupon for position opening according to the original ratio.
During the transition period, the SPCXUSDT price may experience significant volatility. For users holding futures positions, strategy copy trading positions, or pending orders, the liquidation risk will significantly increase. We recommend that you close positions, cancel orders, and terminate strategies in advance to avoid trading losses.
Any trading losses incurred during the transition period shall be borne by the user. CoinW has fully informed users of the relevant risks in advance. Please make your own prudent assessment.
CoinW