Since the net value of leveraged ETF products - LTC3L and BCH3L are lower than 0.05 USDT, they trigger the Share Merging Mechanism. As such, MXC will merge the shares of LTC3L and BCH3L at 14:00 (UTC+8), June 28.
The 10 shares of LTC3L and BCH3L will be merged into 1 share respectively. Consequently, the net value per share of LTC3L and BCH3L 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 28, 2020