SanDisk 8-to-1 stock split; Bitget futures position size adjusted by 8x
Original headline샌디스크 8대1 분할에 비트겟 선물 수량 8배 조정
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Bitget will automatically adjust its SNDKUSDT perpetual futures contract on November 20 to reflect Sandisk's (SNDK) 8-for-1 stock split, multiplying position quantities by 8 while reducing average entry and mark prices to one-eighth of prior levels. Trading will be suspended from 4:00 p.m. to 6:10 p.m. KST that day, with resumption potentially delayed until 11:40 p.m. KST if index price updates lag; the market reopens once the adjusted mark price is reflected in the system. During the suspension, no new positions can be opened or existing ones closed, open orders will be canceled, and margin locked in orders will be released. The move matters because it prevents disruption to traders holding leveraged exposure to the stock-linked contract around the corporate action. Watch for confirmation of the adjusted mark price going live and whether trading resumes on schedule.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Bitget, Sandisk (SNDK), SNDK (SNDK)
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