Dear Huobi Users,

Huobi will update the adjustment factors of cross margin trading for AXS and DYDX at 02:00 (UTC) on November 3, 2022. The new adjustment factors will come into effect at 02:00 (UTC) on November 3, 2022.

The update details are as follows:

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 increased after the update.

Huobi Global

November 1, 2022

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Huobi reserves the right to have sole discretion to amend or revise the terms of this announcement or cancel this announcement at any time and for any reasons without prior notice. Huobi has no obligation to notify you of any such amendment, revision or cancellation. The above is for information purposes only and Huobi makes no recommendations or guarantees in respect of any digital asset, product, or promotion on Huobi.

Trading virtual assets and virtual asset derivatives comes with high risks due to significant price volatility. Please fully understand all the risks and make prudent decisions before trading. Please read our detailed Risk Reminder. Huobi will not be responsible for your trading losses.