Dear BIT users,

In consideration of the current market volatility, BIT will adjust the mark price parameters of BTC & ETH perpetual future, in effect from 08:30 on 20th February, 2021 (UTC).

The specific adjustments are as follows:
1) BTC perpetual swaps mark price is limited within 0.25% from the BIT index, and will change to 0.5%.
(2) ETH perpetual swaps mark price is limited within 0.25% from the BIT index, and will change to 0.5%.

As a result, the funding cap for BTC and ETH Perpetual future will change from 0.2% to 0.45%.

BIT will keep providing you with first-in-class service.

BIT Team
20 Feb 2021

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