What is BiyaPay's contract liquidation mechanism?
BiyaPay currently only supports U-margined perpetual contracts. In both Cross Margin and Isolated Margin modes, when the margin rate drops to 100%, forced liquidation (liquidation) will be triggered.
Handling After Liquidation Trigger:
-
The system automatically executes liquidation and closes your position at market price.
-
Send a notification email to your registered email address to remind you that your position has been liquidated.
Trading Risk Management Recommendations:
BiyaPay strongly recommends traders:
1. Strictly control position risk and avoid using excessive leverage.
2. Monitor margin rate to ensure sufficient funds to maintain positions.
3. Set stop loss reasonably to prevent losses from severe market volatility.
If you have any questions, please feel free to contact BiyaPay customer service, and we will provide assistance!
How to check margin rate on the App:
You can view margin rate in your positions
How to check margin rate on the Web:
You can view margin rate in your positions
Contact Us
BIYA GLOBAL LLC is a licensed entity registered with the U.S. Securities and Exchange Commission (SEC No.: 802-127417); a certified member of the Financial Industry Regulatory Authority (FINRA) (Central Registration Depository CRD No.: 325027); regulated by the Financial Industry Regulatory Authority (FINRA) and the U.S. Securities and Exchange Commission (SEC).
BIYA GLOBAL LLC is registered with the Financial Crimes Enforcement Network (FinCEN), an agency under the U.S. Department of the Treasury, as a Money Services Business (MSB), with registration number 31000218637349, and regulated by the Financial Crimes Enforcement Network (FinCEN).
BIYA GLOBAL LIMITED is a registered Financial Service Provider (FSP) in New Zealand, with registration number FSP1007221, and is also a registered member of the Financial Services Complaints Limited (FSCL), an independent dispute resolution scheme in New Zealand.