Binance Alters Leverage and Margin Tiers for USDⓈ-M Contracts

Binance Futures has revealed adjustments to the leverage and margin tiers for several USDⓈ-M perpetual contracts, including RNDRUSDT, ZROUSDT, ZKUSDT, and LISTAUSDT. These new tiers came into effect on July 9, 2024, at 06:30 (UTC), as per Binance.

Details of the Update

The changes made to the leverage and margin tiers are aimed at improving risk management and the overall trading experience for users. Notably, existing positions established before the update on July 9 will remain unaffected by these modifications.

Moreover, Binance Futures will implement additional updates to the leverage and margin tiers for KNCUSDT, ICXUSDT, ACHUSDT, TUSDT, and LITUSDT USDⓈ-M perpetual contracts on July 10, 2024, at 06:30 (UTC). For these contracts, however, existing positions established prior to the update will be impacted.

Implications for Traders

Traders with positions in the impacted contracts should keep a close watch on these changes as they may affect trading strategies and risk management practices. Binance has advised users to assess their margin levels and consider modifying their positions accordingly to prevent potential liquidations.

This update is part of Binance’s continual efforts to improve the trading landscape and uphold a strong risk management framework. The exchange has reiterated its right to modify or withdraw announcements at any time without prior notice.

Risk and Disclaimer

Binance has provided a disclaimer highlighting the inherent risks tied to digital asset trading. Investment values can fluctuate, and traders may not be able to recover their investments. Futures trading, specifically, carries high market risk and price volatility, which can result in considerable losses. Binance encourages traders to perform their own assessments and seek independent counsel when necessary.

For additional information, traders can visit Binance’s Responsible Trading page and review the Terms of Use and Risk Warning.

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