Dear CoinW users.
In order to improve the trading experience of ETF products, CoinW will upgrade the system of ETF products and optimize the system aggregation speed of ETF . After the completion of ETF upgrade, a new position management mode will be adopted to provide more accurate market positioning and more effective risk management mode.
The system will close out the positions of existing ETF products before the upgrade of ETF , the specific schedule is as follow:
1.The trading function of existing ETF products will be stopped at 6:00(UTC) on 2022/3/18.
2.All users of ETF positions should close their positions as soon as possible before the cessation of trading at 6:00(UTC) on 2022/3/18.
3.After the cessation of trading, the system will settle all open positions for all users, and the settlement price will be the closing price of each product at 5:50(UTC) on 2022/3/18.
4.ETF product settlement will be unified in USDT units, and the settlement assets will be issued to the asset accounts of position holders in the form of airdrop by 16:00(UTC) on 2022/3/20.
The specific upgrade completion and online new ETF products will be announced separately, thank you for your support!
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CoinW
2022/3/16