1.1 In order to regulate the digital assets loan, margin behavior, maintain market order, protect the legitimate rights and interests of investors, and formulate these rules in accordance with the principles of fairness, openness and fairness.
1.2 The term "loan, margin" used in these Rules refers to the act of investors providing collateral to bitget.com (hereinafter referred to as the Company), loan through bitget.com and using them for investment transactions.
1.3 These rules apply to loan and margin conducted on bitget.com.
2.1 Investors should sign the “bitget loan user agreement” through bitget.com to participate in related business.
2.2 Investors can borrow and loan asset from the company through bitget.com to borrow/loan digital assets. The types of digital currency that can be entrusted include BTC and other digital assets recognized by the company.
2.3 The Company provides information release, supervision and risk control services for the borrowing of coins, and does not provide any income guarantee and capital preservation commitment for the margin of users on bitget.com. Investors should fully realize that there is a greater risk in the margin. Self-assess the possible losses and participate voluntarily on the basis of confirming that the risks are controllable and affordable.
3.Delivery and clearing
3.1 The borrower uses its assets in the margin on bitget.com as a collateral for margin.
3.2 When the loan is successful, the asset will be transferred immediately and interest will be paid. The borrowed assets are immediately transferred to the borrower's margin account, and the borrowed party can margin the loan on bitget.com.
3.3 The borrower pays the principal and interest immediately upon the expiration of the debt. The handling fee is based on the amount of the loan, and the interest is calculated according to the daily interest rate. The interest is calculated on a one-day basis for less than one day.
3.4 After the debt borrowed by the borrower expires, the outstanding debt, the system will calculate the interest generated by the user in the current period into the next phase of the principal, and calculate the debt again. When the borrower uses the borrowed product, it is deemed to be the default to grant the company the right to operate, and accept the final result of the loan.
4.1 Investors who participate in the loan of the asset use their digital assets in the margin as their collateral. Digital assets in other accounts are not included in the value of their collateral.
4.2 The total value of the investor's assets = the current market value of the current currency of the bitcoin.com current account against the margin digital assets - the current total market value of the interest payable,
The total debt of the investor = the current total market value of the digital asset loan by the current currency of the bitget.com borrowed account.
Investor's gearing ratio = total assets / total liabilities.
4.3 The alert line for the gearing ratio is 130% and the strong flat line is 110%.
When the investor's asset-liability ratio hits the warning line, the system will send a reminder message to the investor's reserved contact information to remind investors of the risk.
When the investor's asset-liability ratio hits a strong level, the system will automatically trigger a strong position, close the position held by the investor, and automatically repay all the investor's liabilities. If the investor has renewed, the assets are repaid in the order in which they are incurred, and the first debt is repaid in priority. If the user's entire assets are insufficient to repay all of his debts, the lender has the right to recover the debt from it.
4.4 Investors should pay attention to investment risks and adjust the position ratio in time to avoid risks. All losses caused by the account triggering a strong level are borne by the investor.
4.5 The company will manage the total market value of the loan. When the total market value of the loan reaches the upper limit of the total amount of the loan set by the company, the company will automatically stop loan until the total market value of the loan is lower than the upper limit.
4.6 The Company will adjust the upper limit of the total market value of the currency based on the actual operating conditions and risk level of the market.
4.7 If the borrower's assets are not sufficient to repay the principal and interest, the debt will be repaid by the user's entire assets owned by the user on the bitget.com platform. The losses caused by insufficient assets can not be repaid, and are jointly borne by the lender.
5.1 In the process of loan, investors should abide by relevant national laws and regulations, as well as the relevant provisions of bitget.com on exchange and margin. The company has the right to take the time to suspend, cancel the margin rights of specific users of their bitget.com account, take over the account credits and debts, and force the account positions to be closed and other risk control measures to maintain the stability of the virtual asset market.