Since the net value of leveraged ETF products XTZ3S and XLM3S are lower than 0.05 USDT, they trigger the Share Merging Mechanism. As such, MXC will merge the shares of XTZ3S and XLM3S at 14:00 (UTC+8), June 5.
The 10 shares of XTZ3S and XLM3S will be merged into 1 share respectively. Consequently, the net value per share of XTZ3S and XLM3S will be up 10 times, while 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
June 5, 2020