KuCoin Will Adjust the Daily Management Fee of XRP3L and XRP3S
12/02/2024, 18:28:02
Dear KuCoin Users,
Due to the recent significant market fluctuations, the operational cost associated with position adjustment have risen. As a result, KuCoin will be increasing the daily management fees of the XRP3L and XRP3S tokens to 0.1%. This adjustment will take effect at 09:00 on December 9, 2024 (UTC). We advise users to adjust their positions in advance. Please note that the daily management fee for other currencies will remain unchanged.
The details are as follows:
| Leveraged Tokens (ETF) | Daily Management Fees |
| XRP3L and XRP3S | 0.1% |
Notes:
1. The management fee will be reinstated when market conditions become neutral.
2. ETF tokens are not suitable for long-term holding. It is recommended that users adjust their positions in a timely manner during the holding process to reasonably control risks.
Risk Warning: Compared with derivatives and leveraged tokens issued and managed by other institutions, KuCoin Leveraged Tokens bears lower risks and costs. However, it does not mean that it has no risks. By trading KuCoin Leveraged Tokens or using related services of KuCoin Leverage Tokens, you are deemed to have fully understood the risks of KuCoin Leveraged Tokens and agreed to assume all responsibilities of all and related trading or non-trading behaviours involved in your KuCoin account. Please do not trade or invest in any products that are beyond your financial abilities.
Thanks for your support!
The KuCoin Team
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