Regarding the Switch and Manual Upgrade of New and Old Margin Trading Versions

Dear Huobi Users,

We regret to inform you that the scheduled retirement of the old version of Huobi Margin on July 14 at 08:00 (UTC) did not take place as planned since it came to our attention that some of you were still using the old version. Therefore, we have rescheduled the shutdown to ensure a complete swap to the new margin version. The new retirement date is set for July 21 at 03:00 (UTC).

As the new margin system utilizes an entirely new risk management framework, using the old margin version may face reduced risk ratios or liquidation risks. We recommend that users who still have assets in the old margin system proceed with a manual upgrade on our website. Failure to complete the upgrade by the specified date will result in a mandatory upgrade, and any losses incurred as a result will be solely borne by the users.

Here is how you can manually upgrade to the new version of margin trading:

1. Visit the margin trading page on your PC.

2. Click New Margin on the right side of the Beginner's Guide.

Huobi

July 19, 2023

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Huobi reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice. The above is for information purposes only and Huobi makes no recommendations or guarantees in respect of any virtual asset, product, or promotion on Huobi. Prices of virtual assets are highly volatile and trading virtual assets involves risk. Please read our Risk Reminder text here.