Since the net value of leveraged ETF products BAND3S, BCH3S and XRP3S are lower than 0.05 USDT respectively, they trigger the Share Merging Mechanism. As such, MXC will merge the shares of BAND3S, BCH3S and XRP3S at 23:00 (UTC+8), November 21.
The 10 shares of BAND3S, BCH3S and XRP3S will be merged into 1 share respectively. Consequently, the net value per share of BAND3S, BCH3S and XRP3S will be up 10 times, while the 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
November 21, 2020