How to open a contract cooling-off period on AscendEX

AscendEX provides a 24-hour Contract Cooling-Off Period to eligible perpetual contracts, allowing users to reconsider their trading decisions and cancel open positions without penalties.

Nov 27, 2024 at 01:08 pm

How to Open a Contract Cooling-Off Period on AscendEXStep 1: Understand the Contract Cooling-Off Period

The Contract Cooling-Off Period is a 24-hour grace period where users can cancel their open contracts without any penalties.
This period is designed to provide users with an opportunity to reconsider their trading decisions and protect them from potential losses.
Note that the Cooling-Off Period is not available for all contracts; it is only applicable to certain perpetual contracts specified by AscendEX.

Step 2: Access the Contract Trading Interface

Log in to your AscendEX account.
Navigate to the Contract Trading section of the platform.
Select the contract you wish to cancel.

Step 3: Locate the Cooling-Off Period Option

On the contract trading page, find the "Open Positions" panel.
For eligible contracts, you will see a "Cooling-Off Period" button next to each open position.

Step 4: Initiate the Cooling-Off Period

Click the "Cooling-Off Period" button for the contract you want to cancel.
A confirmation dialog box will appear.

Step 5: Confirm the Cooling-Off Period

Review the details of the Cooling-Off Period in the confirmation dialog box.
Ensure that the contract you are canceling is correct.
Click the "Confirm" button to initiate the Cooling-Off Period.

Step 6: Monitoring the Cooling-Off Period

Once the Cooling-Off Period is initiated, a countdown timer will appear next to the affected position.
The position will remain open during the Cooling-Off Period, but it cannot be modified or closed.
You can monitor the progress of the Cooling-Off Period in the "Open Positions" panel.

Step 7: Canceling the Contract After the Cooling-Off Period

After the 24-hour Cooling-Off Period has elapsed, the contract will be canceled automatically.
You will receive a notification confirming the cancellation.
The funds from the canceled contract will be returned to your trading account.

Additional Notes:

The Contract Cooling-Off Period is a voluntary measure implemented by AscendEX.
It is not a mandatory requirement for all perpetual contracts.
AscendEX reserves the right to adjust the Cooling-Off Period duration or availability at its discretion.
Users should carefully consider their trading decisions and utilize the Cooling-Off Period responsibly to protect their investments.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

RAIN

$0.007852

113.00%

Trade Now
PIPPIN

$0.06097

51.96%

Trade Now
PARTI

$0.1396

42.04%

Trade Now
WAVES

$0.9141

41.69%

Trade Now
ARC

$0.04302

35.73%

Trade Now
HONEY

$0.01029

21.80%

Trade Now

Latest Crypto News

Bitcoin, eCash Fork, and Airdrop Dynamics: A Deep Dive into Crypto's Latest Controversies
2026-05-03 12:55:01
Consensus 2026 Miami: Web3, Blockchain, Cryptocurrency, NFTs, Metaverse, Conference, May 5th — Where Wall Street Meets the Digital Frontier
2026-05-02 12:45:01
Fed Holds Rates Steady, Triggering Bitcoin Price Drop Amidst Geopolitical Tensions
2026-05-01 06:45:01
Bitcoin Miners Electrify the Grid: Ohio Gas Plant Acquisition Powers Up a New Era for Digital Gold
2026-05-01 00:45:01
MegaETH's MEGA Token Hits the Big Apple: Setting New Performance Benchmarks for Real-Time Blockchain
2026-05-01 00:55:01
Solana's Slippery Slope: Price Prediction Points to Resistance Loss and Potential Further Drops
2026-05-01 06:45:01

Related knowledge

How Is AVAX Futures Margin Requirement Calculated?

Jul 23,2026 at 03:40pm

AVAX Futures Margin Structure1. AVAX futures margin consists of two distinct components: initial margin and maintenance margin. These are calculated i...

What Is the Maximum Leverage for ADA Perpetual Futures?

Jul 28,2026 at 07:40am

ADA perpetual futures leverage varies across exchanges depending on jurisdiction, user tier, and risk management policies. As of July 2026, major plat...

Why Does ADA Contract Margin Ratio Trigger Warnings?

Jul 22,2026 at 09:00am

ADA Contract Margin Ratio Mechanics1. The ADA perpetual contract on major exchanges uses a dynamic margin ratio calculated in real time based on posit...

What Is ADAUSDT Perpetual Contract Funding Rate?

Jul 24,2026 at 08:19pm

Definition and Purpose of ADAUSDT Perpetual Contract Funding Rate1. The ADAUSDT perpetual contract funding rate is a periodic fee exchange mechanism a...

How Much Leverage Is Recommended for TON Perpetual Trading?

Jul 27,2026 at 05:20pm

TON Perpetual Trading Mechanics1. TON perpetual contracts operate on decentralized and centralized exchanges with varying margin models. 2. Funding ra...

What Is TON Futures Liquidation Price Formula?

Jul 23,2026 at 09:19am

TON Futures Liquidation Mechanism1. Liquidation in TON futures occurs when a trader’s margin balance falls below the maintenance margin requirement se...