(1) General Provisions
1.1 For the purpose of regulating the margin trading and margin loans of digital assets, maintaining market order, and protecting the legitimate rights and interests of users, these rules are formulated in accordance with the principles of fairness, openness, and impartiality.
1.2 These rules are the benchmark basis for RightBTC's margin trading service, including borrowing loans, trading, and other related operations on the margin trading platform.
1.3 These Rules shall apply to Margin Loan and cross margin trading on RightBTC.
(2) Margin Loan
2.1 All cryptos that can be traded in the margin trading can be borrowed in a cross margin account.
2.2 For the purpose of ensuring asset security, RightBTC has the right to adjust the range of borrowable assets.
(3) Margin Loan Rules
3.1 The Maximum Amount of Single Margin Loan refers to the maximum amount of digital asset that can be borrowed by a single user for each crypto. The calculation of the Maximum Amount of Single Margin Loan will be subject to the pre-set maximum total amount of Cross Margin Loan allowed for the user and the Platform’s risk control rules. And now maximum leverage is 3X margin on RightBTC.
In these Rules, the Maximum Margin Loan Amount = (Total assets in a Cross Margin Account-Total loan amount)* (maximum leverage-1)
3.2 After the successful advance of a Margin Loan when the borrowed cryptocurrency are delivered to the User's Cross Margin Account.
4.1 Repayment rule: Users manually select the loan assets to be repaid. When selecting the repayment amount, users can choose to repay all or part of the loan. The interest will be repaid first and then the principal. The system will calculate the interest based on the latest Margin Loan in the next hour.
4.2 The user can repay the loan in advance, and pay the interest according to the actual borrowed hour, and the interest is calculated according to one hour if it is less than one hour.
4.3 Depending on what assets the user borrows and what assets must be repaid, other assets cannot be used instead. Therefore, the user must ensure that there are sufficient such assets in the margin account when repaying.
(5) Risk Control
5.1 Users participating in Margin Loans may use assets in their Cross Margin Accounts in RightBTC as the Collateral, and the cryptocurrency in any other accounts are not included in the Margin for cross margin trading.
5.2 RightBTC has the right to monitor the Margin Level of the Users’ Cross Margin Account on a real-time basis, and adopt corresponding measures in response to the fluctuation of the Margin Level.
In these Rules, the Margin Level of a Cross Margin Account = Total Asset Value of a Cross Margin Account/ Total Liabilities, where:
Total Asset Value of a Cross Margin Account = Current total market value of all cryptocurrency in the Cross Margin Account
Total Liabilities = the current total market value of all outstanding Margin Loans in the Cross Margin Account( include loan interest)
(6) Supplementary Rules
6.1 RightBTC provides information release, supervision and risk control services for Cross Margin trading and loans. The Platform does not provide any income guarantee and capital guarantee for users' margin transactions in RightBTC. Traders should fully realize that margin trading is subject to relatively high risk and should pre-assess the possible losses, and participate voluntarily on the basis of confirming that the risks are controllable and affordable.
6.2 The terms "exceeding" and "below" do not include the number, and "not exceeding", "not less than", "above", and "reach" include the number.
6.3 These rules are formulated by RightBTC and will take effect after being announced to all users. The same applies to amendments.
6.4 These rules shall be interpreted by RightBTC.