KuCoin to delist margin trading for Initia (INIT) on October 30
- —Margin trading for INIT ends October 30 at 02:00 UTC
- —Open positions will be liquidated and loans repaid automatically
- —Margin Grid bots on INIT will be switched off
- —Transfers out of margin accounts remain available
Why it matters: The margin delisting cuts leverage and liquidity for INIT and forces traders to unwind positions before the deadline.
Source: Bitcoin Insider