The cryptocurrency landscape is constantly evolving, and exchange platforms must adapt to ensure compliance, security, and optimal trading conditions. In line with these changes, HTX has announced the upcoming delisting of the MATIC/USDT perpetual futures contract. This move aligns with the broader Polygon network’s transition from the MATIC token to the new POL token, marking a pivotal moment for traders and investors alike.
This article provides a comprehensive overview of what the delisting entails, how it impacts active traders, and the necessary steps users should take ahead of the September 4, 2024 deadline. We’ll also explore risk management strategies and platform policies during contract termination.
Key Details of the Delisting Event
HTX will officially delist the MATIC/USDT perpetual futures contract on September 4, 2024, at 08:00 UTC. This decision follows the Polygon ecosystem’s token migration from MATIC to POL, which requires exchanges to update their supported assets accordingly.
All open positions in the MATIC/USDT perpetual market will be automatically closed using the arithmetic average of the index price over the final hour before delisting. This method ensures a fair and transparent settlement process, minimizing potential manipulation and providing clarity for all users.
👉 Discover how leading platforms handle futures settlements with advanced risk controls.
It’s important to note that if there are signs of abnormal price manipulation in the index during the last hour prior to delisting, HTX reserves the right to adjust the final delivery price to a more reasonable level based on market conditions. This safeguard helps protect both the platform and its users from potential volatility exploits.
Order Cancellation and Fee Waivers
As part of the delisting procedure:
- All open and pending orders for MATIC/USDT perpetual futures will be canceled.
- No capital fees, delivery admin fees, or any other associated charges will apply on the day of delisting.
This fee waiver reduces financial pressure on traders during an already sensitive period and supports a smoother transition for users managing their positions.
Risk Management: Preparing for Volatility
Cryptocurrency markets often experience heightened volatility ahead of major events such as token swaps and product delistings. Traders are strongly advised to:
- Reduce leverage on existing MATIC/USDT positions
- Close positions proactively before the delisting time
- Monitor account health and margin levels closely
Failure to manage risk may result in forced liquidations. In such cases, HTX will first use the insurance fund to cover margin call losses. If the fund is insufficient, the clawback mechanism will be activated, requiring profitable accounts in the current settlement cycle to contribute proportionally to cover the shortfall.
This system maintains fairness across the trading ecosystem but underscores the importance of timely action by users.
Post-Delisting Access and Data Retention
After delisting:
- The MATIC/USDT perpetual contract will be marked as “Suspended”
- It will no longer be visible on the HTX platform one week after delisting
- User assets in USDT-margined perpetual accounts remain unaffected
- Order history, transaction records, and related data will remain accessible for seven days
Users who wish to retain historical trading data are encouraged to export their records via the Web interface before they are archived.
Understanding Polygon’s MATIC to POL Transition
The delisting is directly tied to Polygon’s strategic evolution. The shift from MATIC to POL reflects a broader upgrade in Polygon’s vision—moving toward a multi-chain scaling solution with enhanced governance, staking mechanisms, and decentralized infrastructure.
While this change brings long-term benefits, it necessitates temporary adjustments on trading platforms like HTX. Exchanges must delist legacy contracts tied to outdated tokens to maintain accuracy and regulatory compliance.
Traders should stay informed about:
- The timeline for POL listing on major exchanges
- Wallet upgrade requirements
- Staking and migration procedures for long-term holders
👉 Stay ahead of blockchain upgrades with real-time market insights and futures tools.
Frequently Asked Questions (FAQ)
What happens to my open MATIC/USDT perpetual position after delisting?
Your open position will be automatically closed at 08:00 UTC on September 4, 2024. The settlement price will be based on the average index price during the last hour before delisting.
Will I be charged fees when my position is settled?
No. HTX waives all capital fees, delivery admin fees, and related charges on the day of delisting.
Can I still view my past trades after the contract is suspended?
Yes. Your order history, transaction records, and trade logs will remain accessible for one week after delisting. Be sure to export them if you need permanent copies.
What if the market is manipulated right before delisting?
HTX monitors for abnormal activity. If manipulation is detected in the final hour, the platform may adjust the delivery price to a fair value based on market conditions.
Does this affect my spot holdings of MATIC?
No. The delisting only impacts the MATIC/USDT perpetual futures contract. Your spot holdings, deposits, and withdrawals of MATIC (and eventually POL) are unaffected.
Will POL perpetual futures be listed on HTX?
While not confirmed in this announcement, most major exchanges typically introduce new derivatives products following a token migration. Users should monitor official HTX channels for updates on POL-based trading pairs.
Final Thoughts and Recommendations
The delisting of MATIC/USDT perpetual futures is not just a technical adjustment—it's a reflection of the dynamic nature of blockchain innovation. As networks evolve, so too must trading instruments.
To avoid unexpected losses or complications:
- Close or adjust leveraged positions early
- Export critical trading data promptly
- Stay updated on Polygon’s migration roadmap
- Review exchange announcements regularly
👉 Access next-generation trading tools designed for evolving crypto markets.
By taking proactive steps now, traders can navigate this transition smoothly and position themselves for future opportunities in the expanding Polygon (POL) ecosystem.
Core Keywords: MATIC/USDT perpetual futures, HTX delisting, Polygon MATIC to POL swap, futures settlement, crypto delisting process, leverage risk management, insurance fund clawback