MXC Will Merge the Shares of 13 Leveraged ETFs Including XRP3L, XRP4L, SXP3L, BAND3L, KAVA3L and RLC3L

Dear Users:

Since the net value of leveraged ETF products XRP3L, XRP4L, SXP3L, BAND3L, KAVA3L, RLC3L, ALGO3L, HNT3L, QTUM3L, ZIL3S, KNC3L, NEO3L and RUNE3L are lower than 0.05 USDT respectively, they trigger the Share Merging Mechanism. As such, MXC will merge the shares of XRP3L, XRP4L, SXP3L, BAND3L, KAVA3L, RLC3L, ALGO3L, HNT3L, QTUM3L, ZIL3S, KNC3L, NEO3L and RUNE3L at 11:30 (UTC+8) on December 24.

The 10 shares of XRP3L, XRP4L, SXP3L, BAND3L, KAVA3L, RLC3L, ALGO3L, HNT3L, QTUM3L, ZIL3S, KNC3L, NEO3L and RUNE3L will be merged into 1 share respectively. Consequently, the net value per share of XRP3L, XRP4L, SXP3L, BAND3L, KAVA3L, RLC3L, ALGO3L, HNT3L, QTUM3L, ZIL3S, KNC3L, NEO3L and RUNE3L 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.

Learn more about leveraged ETF, please visit:

1. What is "Share Merging Mechanism"

2. Guide for Leverage ETF

3. Leveraged ETF Lecture

4. FAQ for Leveraged ETF

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Enjoying your trade on MXC.

The MXC team

December 24, 2020