Dear CoinEx users,
In order to enhance the risk management of CoinEx perpetual market, we will implement the following adjustment to the leverage of ELONUSDT and OMGUSDT USDT-M perpetual contracts and the details are as follows.
Adjustment Time
To be activated since 3:00 June 29, 2023 (UTC)
Range of Adjustment
ELONUSDT, OMGUSDT
Leverage Adjustment of Perpetual Contract
1. ELONUSDT
|
Before |
After Adjustment |
||||||
|
Position Level(ELON) |
Maintenance Margin Rate |
Min. Initial Margin |
Max. Leverage |
Position Level(ELON) |
Maintenance Margin Rate |
Min. Initial Margin |
Max. Leverage |
|
0-10,000,000,000 |
1.0% |
2.00% |
50 |
0-20,000,000,000 |
2.0% |
5.00% |
20 |
|
10,000,000,001-20,000,000,000 |
2.0% |
5.00% |
20 |
20,000,000,001-50,000,000,000 |
4.0% |
10.00% |
10 |
|
20,000,000,001-50,000,000,000 |
3.0% |
6.66% |
15 |
50,000,000,001-100,000,000,000 |
6.0% |
12.50% |
8 |
|
50,000,000,001-100,000,000,000 |
4.0% |
10.00% |
10 |
100,000,000,001-200,000,000,000 |
8.0% |
20.00% |
5 |
|
100,000,000,001-200,000,000,000 |
5.0% |
20.00% |
5 |
200,000,000,001-500,000,000,000 |
10.0% |
33.33% |
3 |
2. OMGUSDT
|
Before |
After Adjustment |
||||||
|
Position Level(OMG) |
Maintenance Margin Rate |
Min. Initial Margin |
Max. Leverage |
Position Level(OMG) |
Maintenance Margin Rate |
Min. Initial Margin |
Max. Leverage |
|
0-2,000 |
1.0% |
2.00% |
50 |
0-5,000 |
2.0% |
5.00% |
20 |
|
2,000.1-5,000 |
2.0% |
5.00% |
20 |
5,000.1-10,000 |
4.0% |
10.00% |
10 |
|
5,000.1-10,000 |
3.0% |
6.66% |
15 |
10,000.1-20,000 |
6.0% |
12.50% |
8 |
|
10,000.1-20,000 |
4.0% |
10.00% |
10 |
20,000.1-50,000 |
8.0% |
20.00% |
5 |
|
20,000.1-50,000 |
5.0% |
20.00% |
5 |
50,000.1-100,000 |
10.0% |
33.33% |
3 |
Risk Reminder
1. About Leverage Adjusted
(1) For position levels with up to 50x leverage, after adjustment, the max. leverage will be reduced to 20x.
(2) If the position leverage is not modified before the adjustment, the position cannot be increased, decreased, or closed after the adjustment, and it can only be fully closed by “Close All”.
(3) After manually adjusting the position leverage, the position will return to the normal state, which means it can be increased, decreased, and closed normally. Please evaluate your position and conduct risk control by reducing leverage in advance.
2. About Maintenance Margin Rate
(1) The positions opened BEFORE the time of adjustment still applies to the PREVIOUS rules of maintenance margin rate.
(2) The positions opened, reduced or closed AFTER the time of adjustment will apply to the NEW rules of maintenance margin rate.
(3) Please evaluate your margin balance in Futures account based on the current market fluctuations, and conduct risk control by canceling orders, repaying assets, etc. in advance.
How to reduce the liquidation rate on perpetual contract?
For more info about Perpetual Contract, please click HERE.
CoinEx Team
June 25, 2023