To maintain a secure trading environment, our platform periodically reviews and removes specific leveraged trading pairs. This process helps mitigate market risks and ensures a positive experience for all users. The following sections detail the upcoming changes and provide essential guidance.
Scheduled Delisting of Leveraged Trading Pairs
The platform will delist several margin trading pairs. Key dates for these removals are provided below.
Affected Trading Pairs and Timelines
The following leveraged pairs will be removed from trading:
- MEMEFI/USDT
- VRA/USDT
- NC/USDT
- OL/USDT
- ETC/USDC
- LUNC/USDC
Borrowing Function Halt: The ability to borrow these assets for margin trading will be disabled on May 7, 2025, at 7:00 PM (UTC+8).
Full Delisting Period: The pairs will be completely delisted between 2:00 PM and 6:00 PM (UTC+8) on May 12, 2025.
During the delisting window, all leveraged trading and flexible borrowing services for these pairs will be suspended. All existing market orders for these pairs will be automatically canceled. The process for each pair is expected to take approximately two hours to complete.
Action Required for Users
If you have open borrowings or collateral in any of these pairs, you must repay your loans before the delisting time. Failure to do so will result in the system initiating an automatic repayment, which could occur at an unfavorable market price.
Risk Warning: Market volatility can be high. We strongly advise users to close their positions manually before trading stops to avoid potential losses from forced liquidation during automatic repayment.
Adjustments to Currency Discount Rates
In cross-margin mode, the value of different cryptocurrency assets held in a full-position account is collectively calculated in US dollar value to serve as collateral. To balance market risk due to varying liquidity among cryptocurrencies, the platform applies a discount rate to calculate each asset's actual USD value.
For the tokens being delisted (MEMEFI, VRA, NC, OL), their discount rates will be gradually reduced to zero in the lead-up to their removal.
Pre-Adjustment Discount Rate Structures
Below is a summary of the previous discount rate tiers for the affected tokens.
MEMEFI:
- Tier 1: Max Collateral 3,000,000 | Discount Rate 0.8
- Tier 2: Max Collateral 5,000,000 | Discount Rate 0.7
- Tier 3: Max Collateral 8,200,000 | Discount Rate 0.65
- Tier 4+: Max Collateral increases by 5,000,000 per tier | Discount Rate decreases by 0.05 per tier
VRA:
- Tier 1: Max Collateral 550,000 | Discount Rate 0.8
- Tier 2: Max Collateral 1,000,000 | Discount Rate 0.7
- Tier 3: Max Collateral 1,500,000 | Discount Rate 0.65
- Tier 4+: Max Collateral increases by 1,000,000 per tier | Discount Rate decreases by 0.05 per tier
NC:
- Tier 1: Max Collateral 180,000 | Discount Rate 0.8
- Tier 2: Max Collateral 280,000 | Discount Rate 0.7
- Tier 3: Max Collateral 350,000 | Discount Rate 0.65
- Tier 4+: Max Collateral increases by 180,000 per tier | Discount Rate decreases by 0.05 per tier
OL:
- Tier 1: Max Collateral 250,000 | Discount Rate 0.8
- Tier 2: Max Collateral 400,000 | Discount Rate 0.7
- Tier 3: Max Collateral 500,000 | Discount Rate 0.65
- Tier 4+: Max Collateral increases by 250,000 per tier | Discount Rate decreases by 0.05 per tier
Important Risk Notice on Discount Rates
As the discount rates for these assets are reduced to zero, the maintenance margin ratio for user positions that rely on these tokens as collateral may increase significantly. This adjustment could trigger forced liquidations.
To proactively manage your risk, we recommend:
- Closing relevant positions.
- Reducing your position size.
- Adding additional margin to your account.
Taking these steps will help you avoid unnecessary losses due to these rule changes. For a deeper understanding of how these rates work, you can review the detailed discount rate framework.
Frequently Asked Questions
What happens if I don't repay my loan before the delisting?
The system will automatically initiate a forced repayment of your loan during the delisting window. This process may execute at an unfavorable market price due to volatility, potentially resulting in a loss. It is always better to manage the repayment yourself.
Why is the platform delisting these leveraged pairs?
The delisting is part of a routine risk management process. It allows the platform to review and remove pairs that may have lower liquidity or higher volatility, ultimately protecting users from excessive market risk and ensuring a healthier trading ecosystem.
How does the discount rate adjustment affect my open positions?
A lowering discount rate decreases the effective US dollar value of that specific collateral asset. This reduction means it contributes less to your account's total equity value, which can cause your maintenance margin ratio to rise. If this ratio gets too high, it may lead to automatic liquidation.
Can I still trade these pairs on the spot market after delisting?
This announcement specifically concerns margin trading and leverage services. The availability of these tokens for spot trading is a separate listing matter and is not necessarily affected. You should check the spot market listings for their current status.
Where can I find the most current information on discount rates?
Discount rates are dynamic and can be adjusted based on market conditions. The most accurate and up-to-date information is always available on the platform's official help center and announcements page.
What is the best way to stay informed about future delistings or changes?
You should regularly check the official platform announcements section. Enabling notification preferences within your account settings for important updates is also highly recommended to receive alerts directly.