Since the net value of leveraged ETF products EOS3L and XRP3L are lower than 0.05 USDT, it triggers the Share Merging Mechanism. As such, MXC will merge the shares of EOS3L and XRP3L at 16:30 (UTC+8), May 11.
The 10 shares of EOS3L and XRP3L will be merged into 1 share respectively. Consequently, the net value per share of EOS3L and XRP3L will be up 10 times, while user's holding amount will be down to 1/10 separately. As such, user’s total asset will stay the same after the merging.
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Enjoying your trade on MXC.
The MXC team
May 11, 2020