KuCoin Futures Will Adjust the Max Leverage and Risk Limit of Multiple USDT-Margined Perpetual Contracts
07/28/2023, 14:26:41
Dear KuCoin Futures Users,
KuCoin Futures is going to adjust the maximum leverage and risk limit of some perpetual contracts. More details about Risk Limit can be found in the Risk Limit .
The following USDT-margined perpetual contracts will be adjusted the max leverage, risk limit, risk levels or combined at 08:00 (UTC) on August 4, 2023.
| Contracts | before | after | ||
| Maximum Leverage | Maximum Risk Limit in USDT | Maximum Leverage | Maximum Risk Limit in USDT | |
| XCNUSDTM | 30 | 500,000 | 20 | 500,000 |
| VRAUSDTM | 50 | 1,000,000 | 30 | 500,000 |
| DCUSDTM | 30 | 500,000 | 20 | 500,000 |
Notice:
1. Please log in and refer to the updated Risk Limit Level to place an order.
2. The liquidation of the existing positions of this contract is 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 the margin to the account during the upgrade. By that time, the liquidation price will also change according to the changes in the maintenance margin rate.
Risk Warning: Futures trading is a high-risk activity with the potential for huge gains and huge losses. Previous gains do not indicate future returns. Severe price fluctuations may result in the forced liquidation of your entire margin balance. This information should not be regarded as investment advice from KuCoin. All trading is done at your own discretion and your own risk. KuCoin is not liable for any losses resulting from Futures trading.
This activity is not related to Apple Inc.
Thanks for your support!
The KuCoin Futures Team