KuCoin Isolated Margin Decreases the Maximum Leverage for NFT-USDT Trading Pair
11/16/2023, 19:17:22
Dear KuCoin Users,
In order to reduce users' asset risk in Isolated Margin and provide a better trading service, KuCoin will adjust the maximum leverages available for NFT-USDT trading pair in KuCoin Isolated Margin at 12:30 on Nov 16, 2023 (UTC).
Specific adjustment details are as follows:
| Trading Pairs | Maximum Leverage Available Before | Maximum Leverage Available After |
| NFT-USDT | 10x | 5x |
Tips:
1. Users' existing positions will not be affected by this adjustment.
2. The Initial Debt Ratio before was 90% (10x), then will decrease to 80% for 5x.
3. The adjustment will be updated on the KuCoin app simultaneously. It’s recommended to update your app to the latest version to enjoy a better trading experience in KuCoin Margin.
4. The liquidation line (97%) will remain unchanged.
Risk Warning: Margin trading refers to the practice of borrowing funds with a relatively lower amount of capital to trade financial assets and obtain bigger profits. However, due to market risks, price fluctuations, and other factors, you are strongly recommended to be prudent about your investment actions, adopt an appropriate leverage level for margin trading, and properly stop your losses in a timely manner. KuCoin assumes no responsibility for any losses arising from the trade.
We apologize for any inconvenience caused and appreciate your patience.
Thanks for your support!
The KuCoin Team
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