Dear BingX Users,
To provide better services, BingX Standard Futures now supports setting different adjustment factors for different trading pairs and different leverages after the system upgrade. In contrast to the past where the adjustment factor was uniformly set at 10% (that is, forced liquidation is triggered when the remaining margin reached 10%), this upgrade will effectively differentiate the risk of negative equity for different trading pairs and leverages, and prevent it in a more scientific and reasonable manner.
Currently, the adjustment factor for all trading pairs remains at 10%. Moving forward, the platform will set a reasonable adjustment factor based on the liquidity of each trading pair:
- For currencies with good liquidity and low leverage, the platform will set a lower adjustment factor, making it less likely for users to trigger forced liquidation.
- For currencies with poor liquidity and high leverage, the platform will increase the adjustment factor in a fitting manner to prevent negative equity. In such cases, users are advised to choose leverage wisely and manage their trading risk.
You can find specific information about the adjustment factor here: https://bingx.com/tradeInfo/futures-trade-info/?type=futures-adjust-coefficient&pair=BTC-USDT. Any adjustments will be notified separately, so please keep an eye on future announcements.
Furthermore, the calculation formula for the estimated liquidation price no longer uses a fixed 10% adjustment factor. For details, please refer to: https://support.bingx.com/hc/en-001/articles/19733083452313
BingX Operation Team
2023-06-22
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