MEXC Will Lower Maximum Leverage Multipliers for LOOM USDT-M Futures (April 27)

Dear MEXCers,

In order to provide you with a better trading experience, MEXC Futures will lower the maximum leverage multiplier for the following futures trading pairs on April 27, 2024, at 11:30 (UTC).

Please promptly adjust your positions and unfilled orders to avoid unnecessary losses. The closing PNL is related to the closing quantity, the average position price, and the closing price. Adjusting the leverage multiplier will not affect your closing PNL.

Important Notes:

• After the adjustment, positions that exceed the new maximum leverage multiplier can be closed, but you will not be able to add to them. Please modify your positions to fall within the new supported leverage range to resume normal trading.

• If you have limit orders that exceed the new maximum leverage limit, they can still be filled. However, you will not be able to place new orders. We recommend that you cancel these orders and modify them to fall within the new supported leverage range to resume normal trading.

• For any trigger orders and trailing stop orders that exceed the new maximum leverage limit, they will not be filled if triggered. We recommend that you cancel these orders and modify them to fall within the new supported leverage range.

• If you have set a fixed leverage multiplier for your copy trades, and the set leverage exceeds the new maximum leverage multiplier, your orders will not be filled. Please manually modify the leverage multiplier in Copy Trade settings to fall within the new supported leverage range.

Thank you for trading on MEXC Futures!

Enjoy trading on MEXC.

MEXC Team

April 27, 2024