Gate.io Delists Gifto (GFT) Margin Trading and Perpetual Futures

Gate.io will delist margin trading and perpetual futures for the Gifto (GFT) token, including Simple Earn, Cross Margin, Isolated Margin, and GFT/USDT perpetual futures.

Details:

1. Gate.io has closed the deposit service for Gifto (GFT).
2. Gate.io will close the new margin borrowing and crypto loan services for Gifto (GFT) before November 29, 2024, 11:00 UTC.
3. Gate.io will delist Gifto (GFT) margin trading, including Simple Earn, Cross Margin, and Isolated Margin, on December 2, 2024, 06:00 UTC.
4. Users who have assets in Simple Earn may manually redeem them in advance. Otherwise, the assets will be liquidated before December 2, 2024, 06:00 UTC.
5. Users who have outstanding Gifto (GFT) loans in the margin trading market should repay the loans in advance. Otherwise, the loan will be settled automatically before December 2, 2024, 06:00 UTC.
6. Users who have ongoing trades in the futures trading market are encouraged to adjust your strategies in advance. From November 29, 2024, 11:00 UTC, the GFT/USDT futures trading market will switch to a "Reduce-only" mode.
7. On December 3, 2024, 08:00 UTC, Gate.io will automatically settle open positions at the average index price in the half-hour before the futures trading stops. Any outstanding orders will be canceled automatically. Users with open positions in the futures market should adjust your strategies and close positions before December 3, 2024, 08:00 UTC to avoid automatic settlement.