Since the net value of leveraged ETF product XTZ3L is lower than 0.05 USDT, it triggers the Share Merging Mechanism. As such, MXC will merge the shares of XTZ3L at 22:00 (UTC+8), March 19.
The 10 shares of XTZ3L will be merged into 1 share, consequently, the net value per share will be up 10 times and user's holding amount will be down to 1/10. In this connection, user’s total asset will stay the same after the merging.
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Enjoying your trade on MXC.
The MXC team
March 19, 2020