BTCC has applied a forced liquidation fee

20/11/2023

Forced liquidation fee
When the user's position is liquidated, a certain percentage of liquidation fee will be charged and deposited into the insurance fund, which will be marked as [Liquidation fee] in the transaction record.

It is recommended that users strictly control the risk of their positions to avoid forced liquidation.

Please note the following:

For USDT-margined futures (long and short positions): Forced liquidation fee = liquidation quantity × liquidation price × liquidation fee rate. Fees are charged in USDT.
For coin-margined futures (long and short positions): Forced liquidation fee = liquidation quantity × liquidation fee rate. Fees are charged in the underlying asset.
Once forced liquidation is triggered, positions might be taken over by the insurance fund to maintain platform service quality and market stability.
The liquidation fee rate of BTCUSDT, BTCUSD, ETHUSDT, ETHUSD, and DOGEUSDT futures is 1%. All other products’ liquidation fee rate is 1.2%.
BTCC has the right to change the liquidation fee rate, and users may not be notified. Please be informed.
If you have any questions about the above announcement, feel free to contact our online customer service through our APP or official website. A dedicated representative will assist you. 

Thank you for your support. 

BTCC Team