KuCoin Futures Will Adjust the Leverage and Maintenance Margin Rate of the Contracts on August 29, 2022
08/27/2022, 13:45:33
Dear KuCoin Futures Users,
Due to large volatility recently, for risk control, KuCoin Futures is going to adjust the leverage and maintenance margin rate of the part of contracts at 07:00~07:30 on August 29, 2022 (UTC). More details can be found in the Risk Limit Documentation.
The details are as follows:
Notice:
1. Please refer to the updated Risk Limit Level to place an order.
2. The liquidation of the existing positions of this contract are based on the current risk limit level. New positions opened after the scheduled upgrade will be executed based on the new risk limit level.
3. Users can adjust the risk limit level by themselves. To avoid liquidation, the system will automatically cancel all the open orders of users and replenish margin to the account during the upgrade. By the time, the liquidation price will also change according to the changes in the maintenance margin rate.
4.Please note, Futures Grid trading bot will also adjust the max leverage of the above contracts, and the order-placing services of this contract in Futures Grid trading bot will be stopped. To avoid possible risks, you may close the running Futures Grid bots of this contract in advance.
Risk Warning: Trading contracts is a high market risk activity that can result in large gains while also causing you to incur large losses. Past gains 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 financial or investment advice from KuCoin. All trading strategies are at your own discretion and risk. KuCoin is not responsible for any losses that you may incur as a result of using the contracts.
Thanks for your understanding and support!
The KuCoin Team