Events

Margin Trading “Interest-Free” Lending

Margin Trading “Interest-Free” Lending

In order to celebrate the upgrade of the platform’s leverage function, we are launching an Interest Free lending activity for leveraged transactions to reward new and old users.

Margin Trading Interest-Free Borrowing

start time: 06:00 in Jan11, 2023 – 06:00 in Feb10, 2023 (UTC+3).

From 06:00 in Jan 11  to 06:00 in Feb 11st (UTC+3), all users who have opened a margin account and started to borrow money will be interest-free on all margin loans in the margin trading area!

– Assets that have been borrowed before 06:00 in Jan 11 (UTC+3) will have zero interest
during the activity period.

– For assets borrowed after 06:00 in Jan 11 (UTC+3), the interest accrual will be 0 during
the activity period.

– After 06:00 in Feb 10 (UTC+3), all borrowed assets will resume interest calculation (the interest will be resumed in hours, and less than 1 hour will be counted as 1 hour).

If the daily interest rate is 0.01%, then the hourly interest rate is: 0.01%/24 The calculation formula is: interest = borrowing amount * (0.01%/24) * borrowing hours.

For example, A borrows 1000 USDT at 13:20 and repays at 14:15. The calculation of interest is: 1000*(0.01%/24)*1=0.00416667 USDT

【How to participate】:

Web terminal operation guide:

1. Enter the official website, log in to your account, and click Margin Trading.

2. Asset transfer, transfer the currency assets to the margin account.

3. For borrowing, you can choose to trade automatic borrowing or manual borrowing.

4. Select the currency pair, enter the price and quantity, and click Buy.

APP operation guide:

1. Open the App, log in to the account, enter the page, and click “Transaction”.

2. Asset transfer, transfer the currency assets to the margin account.

3. For borrowing, you can choose to trade automatic borrowing or manual borrowing.

4. Select the currency pair, enter the price and quantity and click “Buy”.

Precautions:

1. This activity is limited to users who have opened a margin account and have borrowed or borrowed money in margin trading.

2. Users who use duplicate registered accounts to participate in activities will be disqualified.

3. During the activity period, if we find any behavior such as malicious swiping and loans will not be able to participate in the activity, and serious violations will have their accounts frozen.

4. Spot margin trading is not open to users in specific countries/regions. Whether spot margin trading is open depends on the relevant laws and regulations of the country/region where the user KYC is located.

5. The Exchange reserves the right of final interpretation of the above content.

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