Scheduled Adjustment of Leverage, Maintenance Margin Rate, and Risk Limit Upgrade of KuCoin Futures on December 8
03/12/2021 17:03:56
Dear KuCoin Futures Users,
To further prevent the market risks, protect the rights and benefits of users and provide them with higher trading limit, KuCoin Futures is going to run the second upgrade to the risk limit level of the rest contracts at 08:00 on December 8, 2021 (UTC).
The upgrade will include the risk limit (that is, the nominal value), maximum available leverage, initial margin rate and the maintenance margin rate corresponded to each risk limit level of the rest contracts. Learn more about KuCoin Futures Risk Limit Level.
The upgrade schedule is as follows:
The adjusted value of BTC Perpetual/USDT:
The adjusted value of ETH perpetual/USDT:
USDT-margined contracts with 50x leverage, including: BCH Perpetual/USDT, LINK Perpetual/USDT, UNI Perpetual/USDT, EOS Perpetual/USDT, LTC Perpetual/USDT, DOT Perpetual/USDT, XRP Perpetual/USDT, and BNB Perpetual/USDT. The adjusted values are as follows:
USDT-Margined Contracts with 20x leverage, including: BSV Perpetual/USDT, YFI Perpetual/USDT, ADA Perpetual/USDT, TRX Perpetual/USDT, EGLD Perpetual/USDT, ZEC Perpetual/USDT, KSM Perpetual/USDT, LUNA/USDT, VET Perpetual/ USDT, ALICE Perpetual/USDT, FIL Perpetual/USDT, MATIC Perpetual/USDT, THETA Perpetual/USDT, SUSHI Perpetual/USDT, SAND Perpetual/USDT, XLM Perpetual/USDT, AAVE Perpetual/USDT, 1INCH Perpetual/USDT, DOGE Perpetual/USDT, NEAR Perpetual/USDT, SOL Perpetual/USDT, AVAX Perpetual/USDT, FTM Perpetual/USDT, XTZ Perpetual/USDT, ONE Perpetual/USDT, XMR Perpetual/USDT, ETC Perpetual/USDT, SHIB Perpetual/USDT, AXS Perpetual/USDT, C98 Perpetual/USDT.
Notice:
1. Please refer to the updated Risk Limit Level to place an order. Please note that the current risk limit level is only supported on the Web. It will be updated on App in December.
2. The liquidation of the existing Futures positions of the above contracts 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.
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 Futures Team