Margin Services and Spot Index of MIR Are Temporarily Closed
Dear KuCoin Users,
To enhance users’ experience in Margin, KuCoin will temporarily close the Margin Services and Spot Index of MIR.
Meanwhile, to protect users’ assets, we strongly recommend that users ransfer MIR from Isolated Margin account to other accounts in advance.
Details:
At 15:00:00 on October 9, 2023 (UTC), the system will transferring all assets of MIR/USDT Isolated Margin accounts left out to the Main account and close the Margin Spot Index of MIR.
*The Margin services of MIR has been temporarily closed at 15:00:00 on May 13, 2022 (UTC) Learn More
*Spot Index: The index is referenced by KuCoin's Margin market to lower the liquidation risks caused by price fluctuations.
For API users, please make sure you have cancelled the subscription of Index Price and Mark Price of MIR.
Risk Warning: Margin trading refers to the practice of borrowing funds with a relatively lower amount of capital to trade financial assets and obtain bigger profits. However, due to market risks, price fluctuations, and other factors, you are strongly recommended to be prudent about your investment actions, adopt an appropriate leverage level for margin trading, and properly stop your losses in a timely manner. KuCoin assumes no responsibility for any losses arising from the trade.
We apologize for any inconvenience caused and appreciate your patience.
Thanks for your support!
The KuCoin Team
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