Aster Announces Delisting of PAPER Pre-Market Perpetual Contract, Switches to Reduce-Only Mode

Odaily: Decentralized trading platform Aster announced on X that, in light of recent developments related to PAPER and potential market risks, it has immediately adjusted the PAPER pre-market perpetual contract market to reduce-only mode.

Aster stated that the contract will be officially delisted at 9:45 AM Beijing time on October 20, and advised users still holding open positions to proactively close them before the delisting.

The platform said this move is a precautionary risk management measure aimed at maintaining orderly market trading.