Dear FLEXers,

In order to improve users’ experience and increase market liquidity, there will be two changes taking place at UTC 9am on 11th June 2021. Changes are as follows:

1. Updates on the cycle of perp funding rates

Currently funding occurs at every 04:00、12:00、20:00 (UTC). This cycle (3 times a day) will be changed to take place at every hour. Auction will take place 5 minutes prior to each funding round. 

2. Updates on tick size

CoinFLEX will be adjusting the Tick Size (i.e., the minimum change in the unit price) of certain spot and perpetual trading pairs. Details of adjustments are as follows:

• All repo markets: From 0.00001 to 0.000001
• Spot & perp markets:

Please adjust your trading strategies accordingly to avoid unnecessary impact on your trading. We apologize for any inconvenience caused and thank you for your understanding.

CoinFLEX Team

10th June, 2021

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