CoinEX has decided to remove 50 margin trading pairs from the exchange.
In order to promote the healthy development of CoinEx’s business ecology, further, realize the vision of ” building a world-class encrypted digital asset trading platform ” and give users a better trading experience, CoinEx will regularly conduct comprehensive reviews of the trading market within the platform. After careful evaluation of the platform and the opinions of community users, CoinEx will delist 50 leveraged trading pairs on September 30, 2021 (UTC+8).
Details are as follows:
1. Delisting leveraged trading pairs
AAVEBTC, ATOMBTC, BATBTC, BSVBTC, BTMBTC, BTMUSDT, BTTBTC, CAKEBTC, CHZBTC, COMPBTC, CRVBTC, DASHBTC, DCRBTC, DGBBTC, EGLDBTC, ENJBTC, ERGBTC, FILBTC, FTMBTC, FTTBTC, GRTBTC, GRTBTC, HBARBTC, BTC, IOTABTC, KSMBTC, KSMBTC MANABTC, MKRBTC, NANOBTC, NEARBTC, NEOBTC, OMGBTC, ONTBTC, QTUMBTC, RVNBTC, SCBTC, SNXBTC, SUSHIBTC, TRTLBTC, UMABTC, VETBTC, WAVESBTC, XEMBTC, XLMBTC, XMRBTC, XTZBTC, YFIZBTC, ZECBTC, ZENRXBTC, ZILBTC
The official removal time is 11:00, October 12, 2021 (UTC+8)
The removal process
- CoinEx has suspended the currency lending function of the above-mentioned leveraged trading pairs on September 30 , 2021 (UTC+8).
- After the official delisting, all entrusted orders will be cancelled, and the returned assets will be transferred from the margin account to the spot account.
- Participating users are requested to close their positions as soon as possible. If they do not close their positions in time, regardless of whether the borrowed currency expires or not, CoinEx will perform a unified liquidation settlement at 11:00 (UTC+8) on October 12, 2021.
Leverage uses less funds to achieve the possibility of obtaining greater returns. But if the wrong trading direction is judged, the loss will be magnified year-on-year. Therefore, ordinary traders try to avoid heavy position trading with high leverage to prevent the occurrence of liquidation or even out of position.
Please use the leverage ratio reasonably, control the position, stop profit and loss in time, and liquidate the position spontaneously.
Please check CoinEx official website or contact the customer support with regard to the latest information and more accurate details.
CoinEx official website is here.
Please click "Introduction of CoinEx", if you want to know the details and the company information of CoinEx.
Comment by Hans
April 24, 2024
as I am trading here various assets, for me it's the most important feature. i mean, flexibility in tradable markets. i alternate trading styles, meaning that sometimes I trad...