Margin Services of ACA Temporarily Closed
18/10/2022 14:48:01
Dear KuCoin Users,
KuCoin will temporarily close the Margin services of ACA.
Meanwhile, to protect users’ assets, we strongly recommend that users cancel open orders, close positions, repay loans and transfer the tokens above from Cross Margin account and Isolated Margin account to other accounts in advance.
Details:
1. At 10:00:00 on October 18, 2022 (UTC), the borrowing services of ACA will be closed.
2. At 07:00:00 on October 25, 2022 (UTC), the closure of ACA-USDT Margin trading services, lending and borrowing services of ACA, the function of transferring ACA into the Cross Margin account or the Isolated Margin account , and repayment of the loans will take place (the function of transferring ACA out from Margin accounts is not affected) .
If users have the loans of ACA in Margin accounts, the system will cancel all open orders of ACA, activate the liquidation process to close the ACA positions, and repay ACA loans.
* To avoid asset losses, it is recommended to control the debt ratio and transfer ACA out from Margin accounts in advance!
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