Dear CoinEx users:
To improve user's trading experience and meet the growing needs of margin users, CoinEx will introduce a dynamic adjustment mechanism for Margin Borrowing Interest, that is, the borrowing interest will be adjusted from fixed-interest to dynamic-interest, and the latest interest will be automatically adjusted according to the each coin's deposited amount and the borrowing situation. The details are as follows.
Adjusted Time
10:00 March 23, 2022 (UTC)
About Borrowing Interest
1. The borrowing interest for each coin will change and fluctuate in real-time according to its deposited amounts and the borrowing situation, which will be updated every hour. The specific interest is subject to the actual transaction.
2. VIP1-5 users can enjoy a discount on borrowing interest. For details, please refer to borrowing interest.
Calculation Rules
1. For Current borrowing orders: Not affected by the adjustment. The interest will remain the same as when placing the order until the end of the borrowing period.
2. For New borrowing orders: Borrowing interest will be calculated according to the latest rules.
3. For Renewal orders: Borrowing interest will be re-calculated according to the latest rules.
4. Borrowing interest will be calculated at the exact hour of borrowing and once every hour afterward. No interest will be charged when it's less than an hour.
Risks
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. CoinEx reserves the right of final explanation of the rules adjustment.
CoinEx
March 24, 2022
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