Dear Bingbon Users:
Recently, the Bingbon Perpetual Swap (beta) experienced extreme BTC/USDT market prices due to the short-term market volatility. Bingbon hereby explains:
- Bingbon exchange uses Mark Price for Liquidation, Unrealized PNL, and Stop-Limit Orders. Therefore, the uses of the above function are not affected by the current extreme prices.
- However, since the extreme prices affect the view of candlestick chart, and after thorough consideration, Bingbon has removed the extreme prices on July 16 (UTC+8);
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Bingbon reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.
Trading digital assets and their derivatives is highly leveraged and risky and may result in partial or total loss of account funds. Before conducting spot/contract trading, investors must ensure that they understand the nature and rules of spot/contract trading, and decide whether to participate in spot/contract trading based on their investment experience, goals, financial status, and ability to bear risks.
Bingbon Operations Team