Due to the recent bullish trend of the crypto market, the ratio between long postion and short position are severely unbalanced, which leads to the rise of funding rate upon hedging. Therefore, MXC will update the daily management fee rate starting at 00:00 (UTC+8), February 8. The details are below:
In addition, if the market performance alters in later stage, MXC will adjust the management fee rate accordingly and relevant announcement will be released.
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Enjoying your trade on MXC.
The MXC team
February 7, 2020