Dear KuCoin Futures users,
KuCoin Futures will raise the following maximum leverage and risk limits for USDT-margined perpetual contracts at 11:00 on May 29, 2023 (UTC+8). See the Risk Limits documentation for more details on Risk Limits.
|the symbol||Maximum leverage (after)||Maximum risk limit for USDT (later)|
|Greenwich Mean TimeUSDTM||50||1,000,000|
1. Please log in and place an order referring to the updated risk limit.
2. The liquidation of existing positions in this contract is subject to the current risk limit level. New positions opened after scheduled upgrade will be executed according to the new risk limit level.
3. Users can adjust the risk limit level by themselves. In order to avoid liquidation, the system will automatically cancel all open orders of the user during the upgrade process and replenish the margin to the account. At that time, the forced liquidation price will also change with the change of the maintenance margin rate.
Risk warning: Contract trading is a high market risk activity, which may cause you to obtain greater profits but also cause you to suffer greater losses. Past earnings are not indicative of future returns. Severe price fluctuations may result in the forced liquidation of your entire margin balance. The information provided here should not be construed as KuCoin’s financial or investment advice. All trading strategies are at your own discretion and risk. KuCoin will not be responsible for any losses incurred by you from using the contract.
Thank you for your understanding and support
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Information source: compiled by 0x information from BITCOININSIDER.The copyright belongs to the author Anonymous, and shall not be reproduced without permission