Dear 58COIN Users,
The quarterly contract started the second settlement in the third quarter of 2020 at 17:58 (UTC +8) on July 10th. The settlement has been completed and the apportioning mechanism has not been activated.
After the weekly mark-to-market, your positions change as follows:
1. The assets (automatically included in “Available Assets”) in “Unrealized PNL” and “Realized PNL” become transferrable.
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.
July 10, 2020