BigONE monitors the market movements and uses the margin level to evaluate the risk level of all margin accounts. When 1.15 ＜ margin level ≤ 1.3, our system will trigger a margin call, and you will receive a notification through email and text message.
When the margin level ≤ 1.15, your holdings will be liquidated, and you will receive a notification through email and text message.
More on liquidation
When the margin level reaches 1.15, the account is taken over by the liquidation engine. During the liquidation process, all of your open orders are canceled, you can’t trade, borrow, or transfer funds from your margin account to your other accounts. The liquidation process will end only after the total debt is repaid. After liquidation, you can transfer the remaining funds from your margin account to your other accounts as long as the margin level is high.
Note: After liquidation, how to calculate the remaining debt?
You need to pay off the remaining debt if the total debt is greater than the liquidated asset. If the remaining debt is not paid in time, you can’t use the sell function of the spot market, and the withdrawal function of the fiat market.