Dear CoinEx users,
According to the project's announcement, CoinEx will support MATIC (Polygon) token name change to POL (Polygon). To ensure your asset security, the deposit, withdrawal, and trading services of MATIC will be suspended for a designated period. The details are as follows.
Deposits and Withdrawals
- The deposit and withdrawal services of MATIC will be terminated at 03:00 on Sep 10, 2024 (UTC).
- MATIC will NOT be credited to your account if you deposit after the suspended period, so please confirm again before depositing.
- The listing time of the deposit and withdrawal services for the POL token will be announced separately.
- For more information, please refer to Save the Date: MATIC → POL Migration Coming September 4th.
Spot Trading
- MATIC/USDT, MATIC/USDC, and MATIC/BTC trading pairs including spot grid and auto-invest plan, will be delisted and ALL orders in this market will be canceled at 03:00 on Sep 10, 2024 (UTC).
- During the suspended period, all unexecuted MATIC orders will be systematically closed, and related assets will be returned to your spot account.
- If there are any ongoing trading strategies, please make adjustments in advance. Otherwise, the trades will be terminated automatically at 03:00 on Sep 10, 2024 (UTC).
Futures Trading
- CoinEx will delist MATICUSDT linear contract at 08:00 on September 4, 2024 (UTC).
- The settlement price is: 0.3805 USDT
- After delisting, all submitted orders in the above markets will be canceled.
- For users holding positions of the above Linear Contracts, please close your positions in advance, or they will be automatically liquidated at 08:00 on Sep 4, 2024(UTC).
- For details about Futures Trading, please click HERE.
Margin Trading
- The crypto loan service of MATIC/USDT margin trading pair will be suspended on Aug 29, 2024 (UTC).
- CoinEx will delist MATIC/USDT margin trading pair at 08:00 on Sep 5, 2024 (UTC).
- After delisting, submitted orders would be canceled, and the returned asset would be transferred from Margin Account to Spot Account.
- Users holding positions of the above margin trading pairs should close them in advance. If not, CoinEx will close them automatically at 08:00 Sep 5, 2024 (UTC), regardless of whether the Crypto Loan expires or not.
- For details about Margin Trading, please click HERE.
Loans
- The collateral service of MATIC will be suspended at 08:00 on Sep 4, 2024(UTC).
- Please repay the borrowed assets and close the position as soon as possible. If your position is not closed in time, CoinEx will freeze the collateral assets at 8:00 Sep 4, 2024 (UTC). These assets will be unfrozen only after the renaming and the new coin listing.
- For details about Loans, please click HERE.
Financial
- The Financial service of MATIC will be suspended at 08:00 on Sep 4, 2024(UTC).
- After the Financial service is closed, the assets in Financial Account will be transferred to Spot Account automatically.
Risk Reminder
Crypto products are innovative investment products with large price fluctuations as well as high investment risks. Therefore, please evaluate and invest wisely based on your risk tolerance and financial resources.
CoinEx reserves the right of final interpretation of this announcement.
CoinEx Team
Aug 29, 2024