Since the net value of leveraged ETF product BSV3S is lower than 0.05 USDT, it triggers the Share Merging Mechanism. As such, MXC will merge the shares of BSV3S at 18:00 (UTC+8), April 8.
The 20 shares of BSV3S will be merged into 1 share, consequently, the net value per share will be up 20 times and user's holding amount will be down to 1/20. 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
April 8, 2020