Dear CoinW users,
To provide a better trading experience, CoinW is scheduled to upgrade our positions settings for MAGIC futures between 7:00 and 8:00 (UTC),July 29th, 2024.
Our futures trading services will not be affected during this upgrade. You can open and close your positions as usual. Once the upgrade is complete, all your positions will subject to our latest requirements. Please pay close attention to your margin and leverage and adopt robust risk management measures.
Upgrade details:
| MAGICUSDT Perpetual Futures | |||||
| Tier | Max. No. of Contracts (Before) | Max. No. of Contracts (After) | Max. Leverage | Initial Margin Level | Maintenance Margin Level |
| 1 | - | 10700 | 50 | 2.00% | 1.50% |
| 2 | - | 43000 | 25 | 4.00% | 2.00% |
| 3 | 4500 | 54000 | 20 | 5.00% | 2.50% |
| 4 | 88000 | 430000 | 10 | 10.00% | 5% |
| 5 | 200000 | 860000 | 5 | 20.00% | 10% |
| 6 | - | 1070000 | 4 | 25.00% | 12.50% |
| 7 | 800000 | 2200000 | 2 | 50.00% | 25% |
| 8 | 4000000 | 4200000 | 1 | 100.00% | 50% |
We appreciate your understanding and we are committed to providing you with the best trading experience possible. Please keep yourself posted to our announcements for latest events & news.
CoinW
26/07/2024