DearKuCoinUsers,
Toenhanceusers’experienceinMargin,KuCoinwilltemporarilyclosetheMarginservicesofHNT.
Meanwhile,toprotectusers’assets,westronglyrecommendthatuserscancelopenorders,closepositions,repayloansandtransferHNTfromtheMarginaccounttootheraccountsinadvance.
Thedetailsareasfollows:
1.At10:00:00onMay18,2022(UTC),theborrowingservicesofHNTwillbemadeunavailable(thelendingandauto-renewfunctionsarenotaffected).Meanwhile,thefunctionoftransferringHNTintotheMarginaccountwillnotbeavailable(thefunctionoftransferringHNToutfromtheMarginaccountisnotaffected).
2.At02:00:00onMay23,2022(UTC),KuCoinwillclosethemargintradingservicesofHNT/USDT.ThelendingandborrowingservicesofHNTwillalsobeclosedcompletely.IfusershaveHNTloansintheMarginaccount,thesystemwillpartiallyliquidatetheusers’marginpositionstorepaytheloans.
*Toavoidassetlosses,itisrecommendedtorepayHNTloansinadvance!
3.At02:00:00onMay24,2022(UTC),Thesystemwilldetectusers’Marginaccountsautomatically.IfthereareHNTassetsinusers’Marginaccount,thesystemwillautomaticallycancelallopenorders,activatetheliquidationprocesstoclosethepositions,andrepayloans,beforetransferringallHNTleftouttotheMainaccount.
*Toavoidassetlosses,itisrecommendedtocontrolthedebtratioandtransferHNTassetsoutfromtheMarginaccountinadvance!
Note:
1.HNTSpottradingservicesarenotaffected.
2.Itisrecommendedthatyoucancanceltheopenorders,closethepositions,repaytheloans,andtransferHNTouttootheraccountsbyyourselfinadvance.KuCoinassumesnoresponsibilityforanylossesarisingfromfailuretooperateintime.
RiskWarning:Margintradingreferstothepracticeofborrowingfundswitharelativelyloweramountofcapitaltotradefinancialassetsandobtainbiggerprofits.However,duetomarketrisks,pricefluctuations,andotherfactors,youarestronglyrecommendedtobeprudentaboutyourinvestmentactions,adoptanappropriateleveragelevelformargintrading,andproperlystopyourlossesinatimelymanner.KuCoinassumesnoresponsibilityforanylossesarisingfromthetrade.
Weapologizeforanyinconveniencecausedandappreciateyourpatience.
Thanksforyoursupport!TheKuCoinMarginTeam
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