Dear CoinEx users:
To provide users with better trading experience in Margin markets, the new function of Auto Loan and Repayment has been available on Web since Nov 24, 2021 (UTC), and will soon be released in App. The details are as follows:
What is Auto Loan and Repayment
1. Auto Loan: When placing orders with this function, users can enter the amount of assets that's more than the available assets in their Margin accounts to submit the order directly. For the excessive part, a crypto loan will be systematically triggered and the loan interest will be calculated right away. With Auto Loan, it solves the problem in manual loan where the excessive assets become idle assets.
2. Auto Repayment: By activating the function, all your Margin positions will be viewed every 5 minutes, and when the available asset of certain coins is ≥ To be repaid, Auto Repayment will be triggered. With Auto Repayment, it solves the problem in manual repayment where the excessive interests are charged due to delayed repayment.
Select any Margin pair, and choose "Auto Loan" or "Auto Repayment" in the order section.
1. The functions of Auto Loan and Auto Repayment are OFF by default.
2. The function of Auto Loan is ONLY available when placing limit or market orders.
1. Margin Trading not only allows you to magnify gains with fewer funds but can also saddle you with amplified losses when the market moves against you. Therefore, we strongly advise entry-level users not to use highly leveraged trading to avoid forced liquidation or even bankruptcy.
2. Margin traders should also reasonably use leverage, adjust their positions, and learn when to take profits or cut losses by liquidating positions.
3. For details about leveraged products, please go to Help Center.
CoinEx reserves the final right of interpretation of this announcement.
Nov 25, 2021
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