Dear 58COIN users,
Given insufficient liquidity of delivery contracts BNB1025 and HT1115, investors are reminded that in the case of inactive market trading, extreme conditions such as upper shadow and lower shadow are likely to occur. Since the delivery contract is different from the perpetual contract (standard contract, USDT contract) in its lacking of the index mechanism and using the platform price as the reference to the liquidation price, therefore, the possibility of liquidations in extreme conditions is high. Please be aware of the risks and make a careful consideration before investing in BNB1025 and HT1115 delivery contracts. It is recommended to trade other more active contract products in the market.
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.
September 1, 2019