Since the net value of leveraged ETF products COTI3L are lower than 0.1 USDT respectively, they trigger the Share Merging Mechanism. As such, MEXC will merge the shares of COTI3L at 2022-01-10 14:00 PM (UTC).
The 10 share of COTI3L will be merged into 1 share respectively. Consequently, the net value per share of COTI3L will be up 10 times, while user's holding amount will be down to 1/10. In this connection, user's total asset will stay the same after the merging.
Learn more about leveraged ETF, please visit:
- What is "Share Merging Mechanism"
- Guide for Leverage ETF
- Leveraged ETF Lectures
- FAQ for Leveraged ETF
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The MEXC Team,
10 January 2022