Dear CoinEx users:
As part of the commitment to making CoinEx a world-leading crypto exchange and to provide a better trading experience for our users, CoinEx regularly reviews the trading markets on the platform. After careful evaluation combined with users' opinions, CoinEx will adjust the Leverage of 1 margin pair and the Forced Liquidation Rate of 2 margin Pairs. The details are as follows.
Time of Adjustment
8:00 Nov 29, 2024 (UTC)
Details of Adjustment
1. Leverage Adjustment
|
Margin Pairs |
Before |
After |
|
| BABYDOGE/USDT | Leverage |
3X |
5X |
|
Max. Liquidation Risk Rate |
112% |
108% |
|
2. Forced Liquidation Rate Adjustment
| Margin Pairs | After | |
| Repayment | Forced Liquidation% | |
| STRK/USDT |
≥20000
＜20000
＜10000
＜5000
|
112% 111% 110% 109% |
| WLD/USDT |
≥10000
＜10000
＜5000
＜2000
|
108% 107% 106% 105% |
* Attention: For users with the above margin positions, please make sure to repay your loan or increase your margin in advance. If your operation is not completed before the adjustment, and your Margin Account Risk Rate is lower than the Liquidation Risk Rate after adjustment, forced liquidation will be triggered.
Risk Warning
1. In Margin trading, users can achieve the possibility of obtaining greater returns with fewer funds. Nevertheless, the loss will also be magnified once the wrong trading direction is judged. Please avoid large positions with high leverage in case of forced liquidation and clawback.
2. Please adjust your leverage and positions reasonably and set TP/SL in advance to close your positions.
3. For details about Margin Trading, please go to [Help Center].
CoinEx reserves the right of final interpretation of this announcement.
CoinEx Team
Nov 22, 2024