Dear Nami Community,

Nami Exchange will be implementing an update to the Stop Market and Stop-Loss/Take-Profit (SL-TP) mechanisms on NAO Futures products starting from 2025-04-18 09:00 (UTC). This update aims to shorten the order matching time and expand the limit and maximum leverage for certain assets. This improvement enhances flexibility, allowing traders to optimize profit opportunities in line with market movements.

Below are the details of the updated order matching mechanisms on NAO Futures.

1.Stop Market Order Matching Update

Previously, a Stop Market order was matched exactly at the Stop Price that had been set. After the update, when the market price hits the Stop Price, the system will automatically convert the order into a Market Order and match it at the best available price.

Detailed explanation and illustration:

• Buy Stop Market Order: Triggered when market price reaches the Stop Price and immediately filled at the lowest available ask price.

Example: The user places a long position with a Stop Market order, setting the Stop Price at $2,450. The current market price is $2,400. When the market price rises and reaches $2,450, the order will be triggered and executed as a market order. The order will be filled at the best available price, which could be higher than $2,450 due to market volatility. In case the market price at that moment is $2,451, the order will be filled at $2,451.

• Sell Stop Market Order: Triggered when market price reaches the Stop Price and immediately filled at the highest available bid price.

Example: The user opens a Sell position with a Stop Market order, setting the Stop Price at $2,350. The current market price is $2,400. When the market price drops to $2,350, the order will be triggered and converted into a market order. The order will be executed at the best available price, which may be lower than $2,350 due to market fluctuations. Assuming the market price at that moment is $2,349, the order will be filled at $2,349.

3.Update on SL-TP settings

Previously, positions were closed at the set price. From now on, when the market price hits the SL or TP threshold, the system will close the position using a Market Order at the actual available price.

Example: Assume market price is at $2,400, the user is holding a long position with a SL set at $2,350. If the price reaches $2,350, the Stop-Loss Market order is triggered and becomes a market sell order to cut the loss. If the market price at that moment is $2,351, the order will be filled at $2,351.

Important notice: The price at which the order is filled will depend on the buy/sell market price at the time of execution, so price differences may occur.

4.Update on Close partially feature

From 2025-04-18 09:00 (UTC), the Close partially feature will support for the Market Order and Stop Market Order, except Limit Order.

5.Increase maximum open position volume and leverage when trading assets on NAO Futures

The new order matching mechanism, optimized for speed and accuracy, allows NAO Futures to increase open position volume and maximum leverage when trading assets on NAO Futures with VNST and USDT trading pairs, up to 20,000,000,000 VNST and 75x leverage. This enhancement enables traders to effectively amplify their capital to take advantage of price fluctuations, while maintaining improved risk management through more stable entry and exit capabilities.

Below are some examples of the changes in trading information for assets:

For more details about the trading pairs, please refer to the Trading Rule section.

Best Regards,

Further information:

• Fee Schedule
• Futures Trading Rules
• Funding History
• General Instructions
• Tutorials Clips

Note: Nami reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.

Risk Warning: Futures trading carries substantial risk and the possibility of both significant profits and losses. Past gains are not indicative of future returns. All of your margin balance may be liquidated in the event of extreme price movements. The information here should not be regarded as financial or investment advice from Nami. All trading strategies are used at your discretion and your own risk. Nami will not be liable to you for any loss that might arise from your use of Futures.

About Nami Exchange

Nami Exchange is a trading platform belonging to the Nami Foundation ecosystem that enables dynamic trading and effective investing through its Spot and Futures trading systems, which offer a wide selection of nearly 700 trading pairs, support leverage up to x125, and 24/7 live support in Vietnamese & English.

Website: https://nami.exchange/

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