Since the net value of leveraged ETF product ETH3S and ZEC3S are lower than 0.05 USDT, it triggers the Share Merging Mechanism. As such, MXC will merge the shares of ETH3S and ZEC3S at 11:00 (UTC+8), August 7.
The 10 shares of ETH3S and ZEC3S will be merged into 1 share. Consequently, the net value per share of ETH3S and ZEC3S 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
August 7, 2020