KuCoin Margin Delisting of DIA/USDT

KuCoin Margin Delisting of DIA/USDT

11/02/2020, 14:46:13

Dear KuCoin Users,

To ensure the margin trading experience of users is the best it can be, KuCoin will delist the DIA/USDT trading pair from the Margin market. The delisting details are as follows:

Lending and Borrowing:

1. DIA lending will close at 18:00 on November 4, 2020 (UTC+8).

2. DIA auto-borrowing will be unavailable. The system will automatically liquidate part of the assets for automatic repayment after DIA is delisted. For better management of your funds, we recommend that you repay the DIA debts in time.

Trading Market:

1. The trading pairs will be closed at 18:00 on November 6, 2020 (UTC+8).

2. Open orders can be canceled in Margin Trading > View Orders after delisting.

Notes:

Since KuCoin Margin uses the Cross Margin model, after the DIA/USDT margin trading pair is delisted, the DIA assets in your margin account will still be calculated as the principal. If you encounter extreme market conditions, the system will not be able to force liquidation for you, which will lead to the risk of liquidation. In order to avoid excessive fluctuations causing a negative balance and bringing unnecessary losses to your assets, we kindly recommend you to transfer your DIA assets in your margin account to other accounts or close the position by repayment in time.

If your DIA assets cannot be transferred out or liquidated after the DIA/USDT margin trading pair is delisted, please transfer other assets to your margin account for repayment and liquidation.

*There will be no impact on the Spot market.

We greatly appreciate your support!

The KuCoin Team