Dear 58COIN Users,
The platform will officially adjust the margin model of the regular contract from Cross-Margin to Isolated Margin. After the change, positions in different currencies will not interfere with each other: new sub-accounts related to each currency will be added, the available assets of the Regular Account will not be automatically dominated in position margin. Users need to transfer assets manually to the corresponding sub-account in advance when opening a position, allocating or adding margin.
If your positions remain unadjusted by then, 58COIN will switch as follows:
1. Single Currency Positions
The position will be automatically dominated in the sub-account of the corresponding currency.
2. Multi-Currency Positions
According to the position value of each currency (the position with a higher value), the available balance of the Regular Account will be allocated by weight and then transferred to the corresponding sub-account.
This switching method does not guarantee the security of your position. It is recommended that investors should adjust their positions in time before 00:00 on April 10 (GMT +8) 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 investors.
April 2, 2019