Coinlocally spot trading system upgrade notice( 2021-08-13)

Posted on 12th August 2021

Coinlocally will perform a scheduled system upgrade starting at 2021-08-13 02:00 AM (UTC). The upgrade will take approximately 4 hours. 

Major improvements in this upgrade include:

  • Overall system performance and stability improvements.

During the upgrade period, users can continue accessing Futures and Options products; however, account login and other account related functions may be occasionally interrupted, including all Options trading. 

The following services will be suspended during the upgrade:

  • Deposits and withdrawals

  • Spot trading

  • Convert  trading

  • New user registration

Users will have a 30-minute window after the upgrade is complete to cancel orders, process deposits, transfer funds and use all other account-related functions before trading resumes.

Please note:

  • Coinlocally will suspend all asset transfers, deposits, and withdrawals 10 minutes prior to the start of the system upgrade. Please ensure you leave sufficient time for any transfers, deposits or withdrawals prior to this time.

  • The 4-hour upgrade time is based on our best estimates and may vary. As usual, we will maintain regular communications on the progress of the upgrade on our various social media channels..

  • The suspension of spot trading will affect the Price Index of certain USDT-margined perpetual contracts, including 1000SHIBUSDT, ALICEUSDT, BAKEUSDT, TLMUSDT, UNFIUSDT, BZRXUSDT, DODOUSDT, KEEPUSDT, RUNEUSDT, SFPUSDT, ALPHAUSDT, BELUSDT,, HOTUSDT, LITUSDT, OCEANUSDT, COTIUSDT, CTKUSDT, DENTUSDT, HNTUSDT, MTLUSDT, STMXUSDT, TOMOUSDT. During this period, the Price Index of those contracts will not update, and the Premium Index will not be used to calculate the Funding Rate. We will use the Last Price Protectedmechanism to update the Mark Price until spot trading resumes.

We apologize for any inconvenience caused and thank you for your patience.

Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Coinlocally will make the best efforts to choose high-quality coins, but will not be responsible for your trading losses. 

Thanks for your support!

Coinlocally Team