Since the net value of leveraged ETF product BCH3S is lower than 0.05 USDT, it triggers the Share Merging Mechanism. As such, MXC will merge the shares of BCH3S at 22:00 (UTC+8), July 25.
The 10 shares of BCH3S will be merged into 1 share respectively. Consequently, the net value per share of BCH3S 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
July 25, 2020