Margin Services of HNT Temporarily Closed_THE:GIN

DearKuCoinUsers,

Toenhanceusers’experienceinMargin,KuCoinwilltemporarilyclosetheMarginservicesofHNT.

Meanwhile,toprotectusers’assets,westronglyrecommendthatuserscancelopenorders,closepositions,repayloansandtransferHNTfromtheMarginaccounttootheraccountsinadvance.

Thedetailsareasfollows:

1.At10:00:00onMay18,2022(UTC),theborrowingservicesofHNTwillbemadeunavailable(thelendingandauto-renewfunctionsarenotaffected).Meanwhile,thefunctionoftransferringHNTintotheMarginaccountwillnotbeavailable(thefunctionoftransferringHNToutfromtheMarginaccountisnotaffected).

2.At02:00:00onMay23,2022(UTC),KuCoinwillclosethemargintradingservicesofHNT/USDT.ThelendingandborrowingservicesofHNTwillalsobeclosedcompletely.IfusershaveHNTloansintheMarginaccount,thesystemwillpartiallyliquidatetheusers’marginpositionstorepaytheloans.

*Toavoidassetlosses,itisrecommendedtorepayHNTloansinadvance!

3.At02:00:00onMay24,2022(UTC),Thesystemwilldetectusers’Marginaccountsautomatically.IfthereareHNTassetsinusers’Marginaccount,thesystemwillautomaticallycancelallopenorders,activatetheliquidationprocesstoclosethepositions,andrepayloans,beforetransferringallHNTleftouttotheMainaccount.

*Toavoidassetlosses,itisrecommendedtocontrolthedebtratioandtransferHNTassetsoutfromtheMarginaccountinadvance!

Note:

1.HNTSpottradingservicesarenotaffected.

2.Itisrecommendedthatyoucancanceltheopenorders,closethepositions,repaytheloans,andtransferHNTouttootheraccountsbyyourselfinadvance.KuCoinassumesnoresponsibilityforanylossesarisingfromfailuretooperateintime.

RiskWarning:Margintradingreferstothepracticeofborrowingfundswitharelativelyloweramountofcapitaltotradefinancialassetsandobtainbiggerprofits.However,duetomarketrisks,pricefluctuations,andotherfactors,youarestronglyrecommendedtobeprudentaboutyourinvestmentactions,adoptanappropriateleveragelevelformargintrading,andproperlystopyourlossesinatimelymanner.KuCoinassumesnoresponsibilityforanylossesarisingfromthetrade.

Weapologizeforanyinconveniencecausedandappreciateyourpatience.

Thanksforyoursupport!TheKuCoinMarginTeam

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