In order to further improve the perpetual contract mechanism, Bibox has adjusted the rules of Auto Deleveraging at 5:00 P.M. on 05/28/2019 (GMT+8) as the follows:
1. The system will rank the users according to the Unrealized Profit and Loss (UPL), the user with the highest UPL will be deleveraged first.
2. If users have the same UPL, then the user with the highest leverage will be deleveraged first.
3. To protect the investment rights and interests of deleveraged users, the system will automatically cancel all closing orders for deleveraged users.
Bibox will timely and reasonably adjust the contract rules according to the market situation, which is to reduce the risk that the market may bring to users and provide investors with better contract services.
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