Hi all - tomorrow, September 25 at 3am UTC, we will introduce a 100ms speed bump on non-postOnly orders across 5 perpetual markets.

Details:
• The 100ms speed bump applies only to orders that do NOT have the postOnly flag enabled.
• Market orders and limit orders (including non-IOC orders) without the postOnly flag will be subject to the speed bump, even if they rest on the orderbook.
• Order cancellations are exempt from this speed bump.

Affected Markets:
• AAVE_USDC_PERP
• DOGE_USDC_PERP
• KAITO_USDC_PERP
• LTC_USDC_PERP
• AVAX_USDC_PERP

Note that this is an experiment we're conducting. Depending on the results and user feedback, we'll consider expanding this to additional markets. Our main goal is to enhance orderbook liquidity.

If you are already quoting on these markets using the postOnly flag, no need to change anything. However, if you're quoting on any of these markets and are not using the postOnly flag, please start doing so as soon as possible. Also, even if you don't quote on these markets, we highly encourage you to try it out as we might start expanding this rule to more markets.

Heads up - the 100ms speed bump is now live on these 5 markets as of 3am UTC.

FYI we're seeing delays with mark price updates. Team is investigating

Things should be back to normal

Hi all - we'll be expanding the scope of the 100ms taker speedbump experiment by adding six additional pairs tomorrow, Sept 30, at 3am UTC:
· SUI-PERP
· BNB-PERP
· HYPE-PERP
· IP-PERP
· WILFI-PERP
· PUMP-PERP

As a reminder, the speedbump applies to all non-post only orders. It's been live since since Sept 25 on the following perp markets: DOGE, LTC, AAVE, KAITO, AVAX.

APEX_USDC_PERP is open for trading
https://api.backpack.exchange/api/v1/market?symbol=APEX_USDC_PERP

Confirming the 100ms speedbump on those 6 additional markets went live ~10 mins ago at 3am UTC

FYI we've gotten multiple reports of ongoing issues. We're looking into it. Will revert asap with more details.

IMPORTANT: We'll be entering into emergency maintenance immediately. We'll reopen the exchange in post only

Quick update:

We’re restarting the APIs and putting markets into post only. You will be able to see your balances and positions.

We aren’t going to resume trading quite yet, but this will help folks understand their exposure and so they can hedge accordingly.

Markets are now live in post only.

Will share a heads up here before we open up the markets again.

IMPORTANT: we will open up trading at 6:35am UTC.

As a reminder, markets are currently in post only. You may start placing and canceling orders now.

All markets are now open for trading.

We will be listing 2Z_USDC (spot) and 2Z_USDC_PERP today.
• 2Z_USDC will open for trading at 13:00 UTC
• The perp will be opened shortly after.
• 2Z withdrawals will remain closed until 15:00 UTC.

Both markets are live in post only:
https://api.backpack.exchange/api/v1/market?symbol=2Z_USDC
https://api.backpack.exchange/api/v1/market?symbol=2Z_USDC_PERP

We will be listing MNT-PERP, ZEC-PERP, and BNB/USDC today Oct 6 at 8am UTC. BNB deposits are open and all three markets are in post only.

https://api.backpack.exchange/api/v1/market?symbol=MNT_USDC_PERP
https://api.backpack.exchange/api/v1/market?symbol=ZEC_USDC_PERP
https://api.backpack.exchange/api/v1/market?symbol=BNB_USDC

To continue the speed bump experiment, we will be expanding the 100ms speed bump on non-post only orders to all secondary perp markets starting tomorrow, October 7 at 3am UTC. Secondary perp markets are all perp markets listed on the exchange excluding BTC-PERP, ETH-PERP, and SOL-PERP (the primary perp pairs).

As a reminder, the speedbump applies to all non-post only orders. It first went live on Sept 25 on the following PERP markets: DOGE, LTC, AAVE, KAITO, AVAX. The second batch was added on Sept 29 on these PERP markets: SUI, BNB, HYPE, IP, WLFI, PUMP.

We're actively gathering feedback from everyone, so please reach out and share your thoughts if you haven't already.

Confirming the speed bump is now live as of ~10 minutes ago on all secondary PERP markets

W_USDC_PERP is now open for trading
https://backpack.exchange/trade/W_USD_PERP

KMNO-PERP, LDO-PERP, and JTO-PERP are now open for trading

https://backpack.exchange/trade/KMNO_USD_PERP
https://backpack.exchange/trade/LDO_USD_PERP
https://backpack.exchange/trade/JTO_USD_PERP

We will be listing PIPE_USDC (spot) at 15:00 UTC. PIPE deposits are open and the market is up in post only.

PIPE_USDC_PERP will be launched shortly after spot goes live.

Both markets are available in the API
https://api.backpack.exchange/api/v1/market?symbol=PIPE_USDC
https://api.backpack.exchange/api/v1/market?symbol=PIPE_USDC_PERP