HTX Margin's First Upgrade in 2024

Dear HTX Users,

To enhance your experience of spot margin trading, HTX Margin will be launching new formulae on February 22, 2024, at 02:00 (UTC) after continuous iterations. The new formulae include updated calculations for margin loans and collaterals in user accounts, offering an improved borrowing and trading experience.

Given that the new margin system adopts a completely new risk management framework, some existing margin users may experience a decrease in their risk ratio or potential liquidations. To safeguard your account from potential losses, please ensure a timely addition of collateral or repayment of all debts before the upgrade. Users will be responsible for any liquidation losses incurred during the upgrade due to outstanding debts or insufficient collateral.

HTX Team

February 18, 2024

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HTX reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice. The above is for information purposes only and HTX makes no recommendations or guarantees in respect of any virtual asset, product, or promotion on HTX. Prices of virtual assets are highly volatile and trading virtual assets involves risk. Please read our Risk Reminder text here.