58COIN Regular Contract Completed the Week 11 Settlement

Dear 58COIN Users,

The regular contract completed the week 11 settlement at 17:58 on April 5 (GMT +8) 

After the weekly mark-to-market, your positions change as follows:

1. The unrealized profit and loss becomes realized.
2. Margin, PNL, etc. of the holding positions will be recalculated at the settlement price.
3. The funds can be transferred out after settlement.
4. User equity does not change.

The margin model of the regular contract will be officially changed from Cross-Margin to Isolated Margin on April 10. The new model offers an independent position calculation of each currency and does not interfere with each other. Users shall adjust positions as soon as possible to avoid unnecessary asset losses.

By adhering to the operating principle of “Customer First, Safety, Strength and Trust”, 58COIN devotes to creating a safe, transparent and reliable digital asset service environment for traders.

58COIN Exchange
April 5, 2019