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      KuCoin Isolated Margin Decreases the Maximum Leverage for Some Specific Trading Pairs

      Dear KuCoin Users,

      In order to reduce users' asset risk in Isolated Margin and provide a better trading service, KuCoin will adjust the maximum leverages available for some specific trading pairs in KuCoin Isolated Margin at 10:00 on August 03, 2022 (UTC).

      Specific adjustment details are as follows:

      Trading Pairs Maximum Leverage
      Available Before
      Maximum Leverage
      Available After
      RLC-USDT 10x 5x
      NKN-USDT 10x 5x
      SKL-USDT 10x 5x
      VELO-USDT 10x 5x
      ANKR-USDT 10x 5x
      TRU-USDT 10x 5x
      QI-USDT 10x 5x
      MTL-USDT 10x 5x
      ORN-USDT 10x 5x
      REQ-USDT 10x 5x
      LPT-USDT 10x 5x
      ANT-USDT 10x 5x
      NYM-USDT 10x 5x
      MXC-USDT 10x 5x
      SOS-USDT 10x 5x
      DAO-USDT 10x 5x
      FITFI-USDT 10x 5x
      ALPHA-USDT 10x 3x
      POWR-USDT 10x 3x
      C98-USDT 10x 3x
      CLV-USDT 10x 3x
      OP-USDC 10x 3x

      Tips:

      1. Users' existing positions will not be affected by this adjustment.

      2. The Initial Debt Ratio before was 90% (10x), then will decrease to 80% for 5x and 66.67% for 3x.

      3. The adjustment will be updated on the KuCoin app simultaneously. It’s recommended to update your app to the latest version to enjoy a better trading experience in KuCoin Margin.

      4. The liquidation line (97%) will remain unchanged.


      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

      Download KuCoin App >>>
      Join us on Margin Trading Telegram >>>



      Read the original article at kucoin

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