Announcement Regarding the Closing of Subscription and Adjustment of Management Fee of Leveraged Tokens BTC3L and ETH3L

Dear KuCoin users,

Due to the large fluctuations in the recent market, the issuance of leveraged tokens BTC3L and ETH3L has reached the upper limit. The management of these leveraged tokens has become more difficult and the cost of risk control has increased.

In order to maintain market stability, the KuCoin leveraged tokens team will suspend the issuance of these leveraged tokens and close the subscription. KuCoin has also adjusted the management fee of these leveraged tokens from 0.045% to 0.1%.

The redemption and trading market will not be affected!

The current market is volatile. KuCoin kindly recommends that you can control the cost and risk of holding positions by reducing your overnight positions!

👉For more details about leveraged tokens fee rates: Fee Rate of KuCoin Leveraged Tokens

Regards

The KuCoin Team

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