LBank Futures Will Launch FTXZ USDT-Margined Futures Contracts

Dear LBank users,

LBank will list the FTXZ USDT-M futures contracts at 09:00 on November 17, 2023 (UTC). Details are as follows:

Trading pair	Leverage	Tick Size	Funding Fee Settlement Frequency
FTXZUSDT	1~10X	0.01USDT	Every One Hour

Trade FTXZUSDT futures contracts at: https://www.lbank.com/futures/ftxzusdt/

About FTXZ：

A FTX Prediction Market Contract would be settled on our calculation of the Index Value resulting from the Settlement Event upon the occurrence of a Settlement Event. “Settlement Event” means the calculation as a percentage of the aggregate final stated return to holders of Customer Claims (interim or otherwise and in whole or in part) as ordered by the United States Bankruptcy Court for the District of Delaware pursuant to the Bankruptcy Proceedings (including in the event that such Court orders such payouts to be made as a condition to the (re)launch of the FTX trading platform), or such other equivalent event as may be determined by HDR should the above process be amended or replaced.

“Index Value” means the calculation resulting from the Settlement Event if available or should the Settlement Event not have occurred, any percentage of return that may have already been finalized (as determined by HDR) or otherwise 0%.

“Bankruptcy Proceedings” means case No. 22-11068 (JTD) (In re: FTX Trading Ltd., et al.) in the United States Bankruptcy Court for the District of Delaware. “Customer Claims” has the meaning ascribed to such capitalized terms in the Customer Bar Date Order dated 28 June 2023 (here).

FTX Trading Ltd. Case No. 22-11068 info: https://restructuring.ra.kroll.com/FTX/

* Based on market risk conditions, LBank may adjust the specifications of the FTXZUSDT futures contracts from time to time, which include the funding fee, tick size, maximum leverage, initial margin, and/or maintenance margin requirements.

Further Information:

LBank Community

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If you have problems, please contact LBank official email: service@lbank.info, and we will provide sincere, friendly and immediate service. We also welcome you to join LBank official English community to discuss the latest issue (Telegram): https://t.me/LBank_en.

Risk Warning: Investing in digital assets is extremely risky. Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and LBank is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. This material shall not be construed as financial advice in any case. LBank reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reason without prior notice.

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