Doex upgrade notice on OTC transaction risk control strategy

Dear users,
In order to ensure users' asset safety in the process of trading and better optimize the OTC trading experience, the risk control team of Doex has responded quickly to upgrade the OTC risk control strategy, updating the OTC withdrawal strategy to T+1.
During the implementation of "T+1", other spot and futures transactions of users on the platform will not be affected.
However, any withdrawal and sale attempt from Doex will be affected by the 24-hour limit on withdrawal.
This will effectively avoid user property loss caused by the inflow of risk capital, ensuring the safety of user assets.

What is the "T+1" withdrawal limit?
1. All cryptocurrencies will be exchanged to USDT equivalently
"T+1 "withdrawal limit of cryptocurrencies applies to top-ups of all OTC users.
During this period, users' trading behavior(spot, futures, etc.) will not be affected.
For example, if a user has 2,000 USDT in his account at first and then he purchases 1 BTC(assume 10,000 USDT equivalent) via OTC, the actual asset amount under the "T+1" cryptocurrency withdrawal limit will be 10,000 USDT.
During the next 24 hours, users can withdraw 2,000 USDT (keep 1 BTC in their accounts) or 0.2 BTC (keep 0.8 BTC and 2,000 USDT in their accounts, which is equivalent to 10,000 USDT in our example).
The amount remaining in users' accounts must equal 10,000 USDT no matter which way they choose.

2. "T+1" withdrawal amount equals your OTC cumulative purchase amount.
For example, if a user does not have any cryptocurrency assets in his account.
He bought 2,000 USDT via OTC at 08:00 on January 1.
Then, he bought another 1000 USDT via OTC at 12:00 of the same day.
If the user conducted the withdrawal at 18:00 on January 1, the total frozen asset would be 2000+1000= 3000 USDT.

Since the net asset value purchased 24 hours prior to the withdrawal was 3,000 USDT.
3. After 24 hours, the frozen status will be lifted automatically so that the cryptocurrency can be withdrawn.

[Advantages of T+1 withdrawal strategy]
1. 24 hours can help buffer potential property losses that illegal funds may bring to users;
2. Limit the inflow of dirty money to the greatest extent;
3. Reduce the card frozen risk and ensure the safety of asset trading.

Risk warning:
Digital assets are innovative investment products with high price fluctuations. Please judge your investment ability rationally and make investment decisions prudently.

Doex Team
December 19th