Dear CoinEx Users,
CoinEx has added new assets POL, as collaterals to Crypto Loans at 03:00, Sep 13, 2024 (UTC). Details as follows:
| Type | Coin |
| Use as collateral |
POL |
Notes:
According to the arrangement in the “CoinEx Will Support MATIC Token Name Change”, CoinEx unfrozen the pledged MATIC assets in the Loan account on September 13, 2024, and has changed its name to POL. Please check POL assets in "Assets - Loan Account".
About CoinEx Crypto Loans
1. Diverse collateral selection
CoinEx supports a wide variety of collateral coins, and you can collateralize multiple coins to borrow into a single coin, with simple and convenient operations, flexibly choosing from many options to match your asset portfolio.
For the complete list of assets that CoinEx supports as collaterals, please click here.
2. Borrow and repay freely
After borrowing, you can repay the loan whenever it suits your strategy. As long as the loan is within the liquidation threshold, you can hold the position indefinitely.
3. Higher loan-to-value ratios (LTV)
CoinEx offers higher initial collateral ratios — On CoinEx, you can leverage your collateral for bigger loans than elsewhere, allowing you to borrow more and further improve capital efficiency.
4. Flexible repayment methods
CoinEx supports repaying with collateral coins. If you lack the borrowed coins for repayment, you don't have to wait for liquidation. Unique to CoinEx, this gives you the flexibility to repay without the borrowed coin and the option of directly repaying with collateral coins on CoinEx instead.
Risk Reminder
Please make independent investment decisions and bear transaction risks at your discretion. CoinEx will not be liable for any losses caused using this service. Please thoroughly read the Crypto Loans Tutorial, rationally assess your own risk tolerance, and make prudent decisions.
CoinEx reserves the right of final interpretation of this announcement.
CoinEx Team
Sep 13, 2024