BitWell’s Announcement on Perpetual Contract Funding Fee Settlement Adjustment (03.25.2022)

Dear Users,

In order to enhance your trading experience, BitWell will adjust the settlement frequency of funding fees for perpetual contracts, as follows:

  • After 15:00 UTC time on March 25, 2020, the settlement of funding fees will be changed from 1 hour to 8 hours, and the first settlement will start at 00:00 on the 26th
  • Settlement time in UTC time will be daily 00:00, 08:00 and 16:00.

Note: There may be a delay of a few seconds to a few minutes in the settlement of funding fee settlement, please refer to the actual settlement time. Only when holding a position at the time of settlement, the users’ positions funding fee will be settled. If the position is closed before funding fee settlement, then there will be no funding fee involved in the position at settlement time.

Risk Warning:

Cryptocurrency investment is innovative blockchain products, and subject to price fluctuation. Please judge your risk-taking ability rationally and make your investments with caution.

BitWell is not responsible for any direct, indirect or consequential losses as a result of the cryptocurrency trading and holding.

BitWell Team

BitWell is committed to building a fair and transparent global digital asset trading platform, providing investors with secure, convenient and intelligent blockchain derivatives trading services.


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