Dear 58COIN Users,
The margin model of the regular contract will be officially adjusted at 15:00 on April 10 (GMT +8), and transactions during the adjustment will be unavailable.
The margin model will be adjusted 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 Main Regular Account will not be automatically included in position margin anymore. Users need to transfer assets manually to the corresponding sub-account in advance when opening a position or allocating 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 Main 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 15:00 on April 10 (GMT +8) to avoid unnecessary asset losses.
Special Reminder: During the adjustment, the API to the Regular Contract will be closed temporarily. For the specific resumption time, please pay close attention to the follow-up official announcements. We feel sorry for the inconvenience that brought to you and appreciate your understanding!
By adhering to the operating principle of “Customer First, Safety, Strength and Trust”, 58COIN platform devotes to creating a safe, transparent and reliable digital asset service environment for investors.
April 10, 2019