Dear BTCC KOREA users,
BTCC KOREA is going to enforce the Price Banding Regulation to prevent damage to investors due to rapid market fluctuations and to ensure fair trade by fair price formation.
1. Announcement date : 2019.05.23(Thu)
2. Enforcement date : 2019.05.29(Wed) 14:00 KST
3. Price Banding (KRW,BTC,ETH market common)
4. Example of calculating the upper or lower price limit
1. Calculating method
1) The base price is going to be the current price.
2) Primary calculation : base price X 0.3
3) Secondary calculation : base price ± calculated price by primary calculation.
2. Example of calculation : In case the current price is 1,000 KRW
1) Primary calculation : 1,000 KRW X 0.3 = 300 KRW
2) Secondary calculation
- Upper limit : 1,000 KRW + 300 KRW = 1,300 KRW
- Lower limit : 1,000 KRW - 300 KRW = 700 KRW
BTCC KOREA will always put our best for your assets and stable trade.
BTCC KOREA TEAM