Since the net value of leveraged ETF product BNB3S is lower than 0.05 USDT, it triggers the Share Merging Mechanism. As such, MXC will merge the shares of BNB3S at 17:00 (UTC+8), September 10.
The 10 shares of BNB3S will be merged into 1 share. Consequently, the net value per share of BNB3S 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
September 10, 2020