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Margin Services for DASH, DUSK, XMR and ZEC Will Be Temporarily Closed

BTCMEX

Related type: Others

2023-08-31 18:18

Dear KuCoin Users,To enhance users' Margin experience, KuCoin will temporarily close the Margin services for DASH, DUSK, XMR and ZEC.Meanwhile, to protect users' assets, we strongly recommend that users cancel open orders, close positions, repay loans and transfer the tokens above from Cross Margin account and Isolated Margin account to other accounts in advance.Details:1. At 07:00:00 on September 8, 2023 , the closure of DASH-USDT, DASH-BTC, DUSK-USDT Margin trading services, lending and borrowing services of DASH, DUSK, the function of transferring DASH, DUSK into the Cross Margin account or the Isolated Margin account, and repayment of the loans will take place .2. At 07:00:00 on September 15, 2023 , the closure of XMR-USDT, XMR-BTC, ZEC-USDT, ZEC-BTC Margin trading services, lending and borrowing services of XMR, ZEC, the function of transferring XMR, ZEC into the Cross Margin account or the Isolated Margin account, and repayment of the loans will take place .If users have DASH, DUSK, XMR and ZEC loans in their Margin accounts, the system will cancel all open orders of DASH, DUSK, XMR and ZEC, activate the liquidation process to close the positions and repay the loans before transferring all of DASH, DUSK, XMR and ZEC in the Cross Margin account and all assets of the Isolated Margin accounts of DASH-USDT, DUSK-USDT, XMR-USDT, ZEC-USDT left out to the Main account.*Please transfer the DASH, DUSK, XMR and ZEC assets out from your Cross Margin account in time to avoid affecting the debt ratio of your Cross Margin position, which may result in liquidation.For API users, please make sure you have canceled the subscription to the Index Price and Mark Price of DASH, DUSK, XMR and ZEC.*If price of DASH, DUSK, XMR and ZEC fluctuates sharply, the delisting process may be initiated in advance. To avoid asset losses, it is recommended to control the debt ratio and transfer DASH, DUSK, XMR and ZEC out from Margin accounts in advance!Risk Warning: Margin trading refers to the practice of borrowing funds with a relatively lower amount of capital to trade financial assets and obtain bigger profits. However, due to market risks, price fluctuations, and other factors, you are strongly recommended to be prudent about your investment actions, adopt an appropriate leverage level for margin trading, and properly stop your losses in a timely manner. KuCoin assumes no responsibility for any losses arising from the trade.We apologize for any inconvenience caused and appreciate your patience.Thanks for your support!The KuCoin Team.Find The Next Crypto Gem On KuCoin!Sign up on KuCoin now>>>.Download KuCoin App>>>.Follow us on Twitter>>>.Join us on Telegram>>>.Join the KuCoin Global Communities>>>.