BitWell Announcement on Suspension of WELL as Cross Collateral (11.23.2021)

Dear Users,

In order to reduce the risk of perpetual trading and to protect the safety of users’ assets and trading experience, BitWell will suspend WELL as Cross Collateral for perpetual contracts as follows.

  • Starting from 14:00 on 24 November 2021 at UTC, WELL will be suspended as Cross Collateral and users will no longer be able to use WELL as margin to open positions in perpetual contracts.
  • For those who have already used WELL as margin to open perpetual contracts, their existing positions will continue to be retained. Please make the corresponding arrangements in advance, do your risk control, transfer WELL to your spot account and replenish your margin in other currencies as soon as possible.
  • Please pay attention to the official announcement when WELL will be restored as Cross Collateral.

Thank you for your support of BitWell.

BitWell Team
2021/11/23



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