The leverages of ADA, DOGE Margin Pairs have been updated by CoinEX.
Leverage Adjustment of ADA, DOGE Margin Pairs
In order to promote the healthy development of CoinEx’s business ecosystem, 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 adjust the leverage multiples of ADA and DOGE leveraged trading pairs. Details are as follows:
- Leverage adjustment time: 16:00 on December 13, 2021 (UTC+8)
- Liquidation risk rate adjustment time: December 16, 2021 at 11:00 (UTC+8)
Details of Adjustment
1. USDT Margin Markets
Margin Pairs | Before | After |
---|---|---|
ADA/USDTLeverage | 10X | 5X |
ADA/USDTMax. Liquidation Risk Rate | 104% | 108% |
DOGE/USDTLeverage | 10X | 5X |
DOGE/USDTMax. Liquidation Risk Rate | 104% | 108% |
2. BTC Margin Markets
Margin Pairs | Before | After |
---|---|---|
ADA/BTC Leverage | 10X | 5X |
ADA/BTC Max. Liquidation Risk Rate | 104% | 108% |
DOGE/BTC Leverage | 10X | 5X |
DOGE/BTC Max. Liquidation Risk Rate | 104% | 108% |
There are users who hold positions in the above leveraged trading pairs and the risk rate is less than 104%, please repay the currency or call the margin in advance.
If the operation is not completed before the liquidation risk rate adjustment time, the system will be at 11:00 on December 16, 2021 (UTC+8) All users who may be liquidated will automatically reduce their positions.
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 and liquidation.
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.
(Forex Broker)
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...