Dear Traders,
Effective February 26, 2024, we will adjust the collateral ratio mechanisms within BTSE’s multi-asset collateral function for the following tokens below.
Notably, the collateral ratio percentage, which is a risk management tool used to determine the borrowing value of your assets, will now be determined based on the collateral’s USDT value rather than the token amount.
Additionally, we’ve updated the list of tokens eligible for use as collateral.
Newly added: ALGO, BONK, ENA, ENS, FARTCOIN, FET, FLOKI, GALA, IO, JUP, KAS, MOVE, OM, PENDLE, PEPE, PENGU, PYTH, S, TIA, TON, TRUMPSOL, VIRTUAL, WIF, WLD, XAUT
This update aims to optimize risk control, particularly when a large number of altcoins are used as collateral, and to ensure a smoother and more efficient trading experience for all our users.
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For more details on this change and how it may affect your trading decisions, please refer to the table below:
Should you need any clarification or assistance, please do not hesitate to reach out to our dedicated support team at support@btse.com.
Thank you for being an integral part of the BTSE community. We look forward to continuing to serve you and meet your trading needs.
Note: BTSE reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reason without prior notice.
Our aim is to create a platform that offers users the most enjoyable trading experience. If you have any feedback, please reach out to us at support@btse.com or on X @BTSE_Official.
Disclaimer: BTSE blog content is intended solely to provide varying insights and perspectives. It does not constitute financial, legal, or investment advice and should not be relied upon as such. The views expressed are not necessarily those of BTSE. Unless otherwise noted, they do not represent the views of BTSE and should in no way be treated as investment advice. Trading involves substantial risk due to market volatility, and past performance is not indicative of future results. Always trade with caution and consider seeking advice from a qualified professional before making any financial decisions.
