Dear Traders,

We have updated the algorithm for the Margin Ratio, impacting only its display.

• Old Margin Level: Previously shown as a range from 100% to greater than 100%, where a lower margin level indicated higher risk.

• New Margin Ratio: Now displayed as a range from 0% to 100%, where a higher margin ratio indicates higher risk.

Please note that forced liquidation will occur when the Margin Ratio reaches 100%.

Release Information:

1. The update is live on the web version as of today.

2. The app's new version will be available within 1-2 days.

Thank you for your attention to this update.

The Phemex Team