Dear 58COIN users,
Delivery Contract has completed the week 16 settlement at 17:58 (UTC +8), May 10 and was also the week 5 settlement after the implementation of the isolated margin model. During the process, the apportioning mechanism has never been activated.
After the weekly mark-to-market, your positions change as follows:
1. The unrealized profit and loss become realized.
2. Margin, PNL, etc. of the holding positions will be recalculated at the settlement price.
3. The funds can be transferred after the settlement.
4. User equity does not change.
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.
May 10, 2019