Huobi Global to Update Cross Margin Trading Adjustment Factor for NEO

Dear Huobi Global Users,

Huobi Global will be updating the adjustment factor of cross margin trading for NEO at 02:00 (UTC) on October 20, 2022. The new adjustment factor will take effect from 02:00 (UTC) on October 20, 2022.

The update details are as follows:

Margin Adjustment Factor

Before Update

After Update

0.8

0.7

 

Risk Reminder:

Margin adjustment factor refers to the factor used to convert a collateral token to its market price when calculating its margin amount. Tokens need to be multiplied by this factor when they are used as collateral. Please note that the margin amount will be reduced after the update.

 

Huobi Global

October 17, 2022

 

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Huobi Global 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. The above is for information purposes only and Huobi Global makes no recommendations or guarantees in respect of any virtual asset, product, or promotion on Huobi Global. Prices of virtual assets are highly volatile and trading virtual assets involves risk. Please read our Risk Reminder text here.