- OKCoin.com launches Token Lending Service for users to perform margin trading. Currently such Token Lending Service is NOT available to persons who have their registered office or place of residence in (i) the United States or (ii) any other restricted territories which at this time include Cuba, Iran, North Korea, Crimea, Sudan, Syria, Malaysia, Bangladesh, Bolivia, Ecuador, and Kyrgyzstan, due to compliance or regulatory requirements.
- The maximum lending amount is decided based on factors such as leverage ratio and the user tier, with a ratio ranges from 2 to 10.
- OKCoin.com will provide risk management service to Token Lending Service users' leveraged trading for monitoring and managing risk.
- As a Token Lending Service user, by using the leverage tool, you agree to authorize OKCoin.com to perform risk management actions if your leverage account is at risk (total asset/debt≤110%), including but not limited to selling your positions.
- User must comply with the "OKCoin Token Lending and Leverage Trading Services Regulations"
- User must comply with related government laws and confirm all trading funds are from legal and legitimate sources.
- User should fully understand leverage and digital assets trading involves high risk and take into consideration their level of experience. As a borrower, you may sustain a total loss of digital Assets or owe digital assets beyond what you have deposited to your account. The high volatility and substantial risk of illiquidity in markets means that you may not always be able to liquidate your position.
- User agrees that all investments performed in OKCoin.com are voluntary, and accepts the consequences of their investments decisions unconditionally.
- User agrees to pay for the related service fees of token lending and leveraged trading according to the requirements in the agreement with OKCoin.com.
- User agrees that OKCoin.com reserves the right to perform risk management actions including but not limited to selling positions, forced liquidation and auto-repayment, and accepts the final outcome unconditionally.
- OKCoin reserves the right to suspend and end leverage trading service at any time.
OKCoin
June 18, 2019