Dear valued SnapEx users,
After many weeks of sideways market movement, the cryptocurrency market - led by Bitcoin - have been surging rapidly upwards. It has been a profitable trading opportunity to traders in general.
At the same time, we have noticed that the large and frequent fluctuations in the market recently have adversely affected and depleted the accounts of many SnapEx users.
As a crypto contract trading platform catered for both experienced and casual traders, we have decided to reduce the total margin size from 100,000 USDT to 30,000 USDT. Users with open orders at this time of writing will not be affected.
It is our responsibility to help our users reduce the unnecessary risk at any given time. We believe this latest change in policy will serve to protect and benefit the majority of our users in the long run.
1st May 2020