Announcement on removal of BWB from Bitget Crypto Loans
Bitget Crypto Loans will remove the following coin and discontinue their corresponding lending services on December 26, 2024, 2:00 PM (UTC+8).
| Type |
Coin |
| Loan |
BWB |
| Collateral |
BWB |
Users with ongoing loans or collaterals involving the abovementioned coins are advised to repay their loans promptly to avoid potential losses.
Additional details:
Suspension of lending services
Bitget Crypto Loans has suspended lending and collateral services for the relevant coins. Users can check their ongoing loans in Crypto Loans History > Ongoing Loans.
System liquidation and repayment
For users who still hold BWB loans or use BWB as collateral at 2:00 PM (UTC+8) on December 26, 2024, Bitget Crypto Loans will perform an automated liquidation for ongoing loan orders. The remaining principal and collateral will be returned to the user's spot account once the liquidation process is complete. For details, visit Crypto Loans > History > Status > System Liquidation.
To avoid potential losses, users are strongly advised to repay their loans in advance.
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. You are solely responsible and liable for the potential risks associated with your transactions. Bitget holds 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.
Disclaimer
Cryptocurrencies are subject to high market risk and volatility despite high growth potential. Users should make investment decisions on their own behalf and invest at their own discretion. Bitget shall not be liable for any investment losses.
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