Dear BIT users,
BIT has released the auto-deleveraging (ADL) Mechanism.
Auto-deleveraging (ADL) mechanism refers to a special form of "forced liquidation" mechanism by BIT to find counterparties under extreme market conditions in order to control overall risk.
For more details, please refer to Auto-Deleveraging (ADL) Rule Introduction.
Note: Auto-deleveraging is applicable to the Unified Margin (UM) mode, and is applicable to users of Regular mode and Portfolio Margin (PM) mode.
BIT will continue to provide you with quality service.
Feb 17, 2023