Expensive KuCoin Customers,
KuCoin will briefly shut the Margin services and products of MFT, STG, GHST, DEXE, BADGER, HEART, RANKER, SDAO, MAHA.
In the meantime, to give protection to customers’ property, we strongly counsel that customers cancel open orders, shut positions, pay off loans and switch the tokens above from Pass Margin account and Remoted Margin account to different accounts upfront.
Main points:
1. The borrowing services and products of the tokens above have briefly closed.
2. At 06:00:00 on July 12, 2022 (UTC), the closure of MFT/USDT, STG/USDT, GHST/USDT, DEXE/USDT, BADGER/USDT, HEART/USDT, RANKER/USDT, SDAO/USDT, MAHA/USDT Margin buying and selling services and products, lending and borrowing services and products of the tokens above, the serve as of moving the tokens above into the Pass Margin account or the Remoted Margin account , and reimbursement of the loans will happen (the serve as of moving the tokens above out from Margin accounts isn’t affected) .
If customers have the loans of the tokens above or the property of the tokens above in Margin accounts, the machine will cancel all open orders of the tokens above, turn on the liquidation procedure to near the positions, and pay off all loans sooner than moving all of the tokens above within the Pass Margin account and all property of the Remoted Margin accounts of the buying and selling pairs above disregarded to the Primary account.
*If costs of the tokens above range sharply, the delisting procedure could also be initiated upfront. To steer clear of asset losses, it is suggested to keep an eye on the debt ratio and switch the tokens above out from Margin accounts upfront!
Chance Caution: Margin buying and selling refers back to the apply of borrowing price range with a fairly decrease quantity of capital to business monetary property and procure larger earnings. Then again, because of marketplace dangers, worth fluctuations, and different elements, you might be strongly really helpful to be prudent about your funding movements, undertake an acceptable leverage stage for margin buying and selling, and correctly forestall your losses in a well timed way. KuCoin assumes no accountability for any losses coming up from the business.
We ask for forgiveness for any inconvenience led to and admire your endurance.
Thank you in your enhance!
The KuCoin Crew
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