KuCoin will briefly shut the Margin services and products of ACA.

Pricey KuCoin Customers,

KuCoin will briefly shut the Margin services and products of ACA.

In the meantime, to offer protection to customers’ property, we strongly counsel that customers cancel open orders, shut positions, pay off loans and switch the tokens above from Go Margin account and Remoted Margin account to different accounts prematurely.

Main points:

1. At 10:00:00 on October 18, 2022 (UTC), the borrowing services and products of ACA can be closed.

2. At 07:00:00 on October 25, 2022 (UTC), the closure of ACA-USDT Margin buying and selling services and products, lending and borrowing services and products of ACA, the serve as of shifting ACA into the Go Margin account or the Remoted Margin account ,  and compensation of the loans will happen (the serve as of shifting ACA out from Margin accounts isn’t affected) .

If customers have the loans of ACA in Margin accounts, the machine will cancel all open orders of ACA, turn on the liquidation procedure to near the ACA positions, and pay off ACA loans.

* To steer clear of asset losses, it is strongly recommended to regulate the debt ratio and switch ACA out from Margin accounts prematurely!  


Chance Caution:

Margin buying and selling refers back to the observe of borrowing finances with a fairly decrease quantity of capital to industry monetary property and acquire larger earnings. On the other hand, because of marketplace dangers, worth fluctuations, and different elements, you might be strongly really useful to be prudent about your funding movements, undertake an acceptable leverage stage for margin buying and selling, and correctly prevent your losses in a well timed approach.KuCoin assumes no duty for any losses coming up from the industry.

We ask for forgiveness for any inconvenience led to and respect your persistence.

Thank you in your strengthen!

The KuCoin Crew

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