Bitget Announcement on Delisting Multiple Spot Margin Trading Pairs Such as OVR

Global Bitgetters,

Bitget will delist the following spot margin trading pairs at 15:00, April 28, 2023 (UTC+8) and close the trading feature:

Pairs in isolated margin mode: OVR/USDT, GRV/USDT, AIUSDT">IMGNAI/USDT, LVL/USDT, RLY/USDT, VELO/USDT, DPX/USDT

(All will be referred to as “relevant trading pairs” in the following content.)

The details are below:

Suspension borrowing and lending features

Bitget will close the borrowing and lending of relevant trading pairs at 15:00, April 25, 2023 (UTC+8).

Positions will be closed and liquidated, and the trading feature will be unavailable

Bitget will automatically close the positions of users who still hold positions in the relevant pairs at 15:00, April 28, 2023 (UTC+8) cancel all pending orders in the margin accounts for the relevant pairs, and liquidate any outstanding liabilities of users. Margin trading services of the relevant trading pairs will be closed. Assets related to the relevant trading pairs will be transferred to spot account automatically.

Users are strongly advised to close positions, withdraw orders, repay loans, and transfer funds related to the relevant pairs beforehand to avoid any potential losses.

Thank you for your support and understanding!

Risk warning:

Cryptocurrencies are subject to market risk and volatility, and your investments are at your sole discretion, and you are solely responsible and liable for the potential risks associated with your transactions. Bitget assumes no responsibility. Margin trading has the potential for higher returns and higher risks. Your margins and balances may be liquidated in the event of market fluctuations. Be aware of the risks involved and prepare appropriate risk response strategies in a timely manner. The information provided here should not be considered as financial or investment advice.