Since the net value of leveraged ETF product COMP3L is lower than 0.05 USDT, they trigger the Share Merging Mechanism. As such, MXC will merge the shares of COMP3L at 16:00 (UTC+8), July 28.
The 10 shares of COMP3L will be merged into 1 share. Consequently, the net value per share of COMP3L will be up 10 times, while the user's holding amount will be down to 1/10. In this connection, the user’s total asset will stay the same after the merging.
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Enjoying your trade on MXC.
The MXC team
July 28, 2020