BIT Exchange Members are advised of the below updated margin parameters:
1. Spot Range:
BIT will change the price range for Portfolio Margin as following
Pair | Old Value | New Value |
BTC | 17% UP/17% DOWN | 15% UP/15% DOWN |
ETH | 20% UP/20% DOWN | 15% UP/15% DOWN |
XRP | 25% UP/25% DOWN | 20% UP/20% DOWN |
ADA | 20% UP/20% DOWN | 20% UP/20% DOWN |
BCH | 25% UP/25% DOWN | 20% UP/20% DOWN |
FIL | 25% UP/25% DOWN | 25% UP/25% DOWN |
TON | 25% UP/25% DOWN | 25% UP/25% DOWN |
SOL | 20% UP/20% DOWN | 25% UP/25% DOWN |
2. Volatility Range:
BIT will change the volatility range for Portfolio Margin as following
Pair | Old Value | New Value |
BTC | 60% UP/60% DOWN | 60% UP/30% DOWN |
ETH | 60% UP/60% DOWN | 60% UP/30% DOWN |
XRP | 65% UP/65% DOWN | 65% UP/30% DOWN |
ADA | 60% UP/60% DOWN | 60% UP/30% DOWN |
BCH | 65% UP/65% DOWN | 60% UP/30% DOWN |
FIL | 65% UP/65% DOWN | 60% UP/40% DOWN |
TON | 65% UP/65% DOWN | 60% UP/40% DOWN |
SOL | 65% UP/65% DOWN | 60% UP/40% DOWN |
The changes are effective at 9:00am UTC XXth FEB 2024 and will only affect the users with Portfolio Margin enabled. Please kindly manage the risk of your portfolios. Should you have any questions in relation to this notification or require any further information, please let the team know.
BIT risk team holds the final right of the effective time should an increase of market volatility is observed.
BIT risk team
XX Jan 2024