Dear Valued Users,

To improve user experience and reduce risk, forced liquidation rules have been upgraded for larger crypto loans as follows:

For Collateral Value≥ 0.5BTC or 20,000 USDT

When LTV is higher than Liquidation LTV and collateral value is greater or equal to 0.5BTC or 20,000 USDT (in case the collateral is not BTC), part of the collateral will be sold automatically to keep LTV lower than Margin Call LTV. Sold collateral = (loan value - collateral asset value * Margin Call LTV) / (1- Margin Call LTV), loan value=unpaid principal + unpaid interest. Please note that the calculated value of the formula is a theoretical value. The actual liquidation will be affected by market conditions, please refer to final dispose results.

Forced liquidation to all of the collateral might happen under any of the following scenarios:

1) LTV is higher than Liquidation LTV while the collateral value is lower than 0.5BTC or 20,000 USDT (in case the collateral is not BTC).

2) Failure to repay before the maximum overdue date (7 days after maturity).

How to borrow: 

APP: Click [More] on the menu and select [Finance] – [Crypto Loans] 

WEB: Visit www.huobi.com,and click [Finance] – [Crypto Loans] on the navigation menu.

Web Link: https://www.huobi.com/en-us/financial/pledge/

Crypto Loan Data: https://www.huobi.com/en-us/financial/pledge/detail/

Risk Reminder: Trading digital assets involves risks due to high price volatility. Please fully understand all the risks and make prudent decisions before trading. Please read our detailed risk reminder at https://www.huobi.com/support/en-us/detail/360000188081.

Thank you for your support! 

HTX

January 7, 2022

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HTX reserves the right in its sole discretion to amend, revise or cancel this announcement at any time for any reasons, without prior notice.