Binance Futures has announced updates to leverage and margin tiers for several USDⓈ-M perpetual contracts, including RNDRUSDT, ZROUSDT, ZKUSDT, and LISTAUSDT. According to Binance, the new tiers will take effect on July 9, 2024 at 06:30 (UTC).
Update Details
The adjustments to leverage and margin levels have been implemented to provide users with better risk management and trading experience. It is important to note that existing positions opened prior to the July 9 update will not be affected by these changes.
Additionally, Binance Futures will further update the leverage and margin tiers for KNCUSDT, ICXUSDT, ACHUSDT, TUSDT, and LITUSDT USDⓈ-M perpetual contracts on July 10, 2024 at 06:30 (UTC). However, existing positions opened before the update for these contracts will be affected.
Meaning for traders
Traders holding positions on the affected contracts should closely monitor these changes, as they may impact their trading strategies and risk management. Binance advises users to review their margin levels and adjust positions accordingly to avoid potential liquidations.
These updates are part of Binance’s ongoing efforts to improve trading conditions and maintain a robust risk management framework. The exchange reiterated that it reserves the right to amend or cancel any announcement at any time without prior notice.
Risk and Disclaimer
Binance has released a disclaimer that points out the inherent risks associated with digital asset trading. The value of investments may fluctuate, and traders may not recover the amount invested. In particular, futures trading involves high market risk and price volatility, which can lead to significant losses. Binance advises traders to conduct their own evaluation and seek independent advice if necessary.
To learn more, traders are encouraged to visit Binance’s Responsible Trading page to review the Terms and Conditions and Risk Warnings.
Image source: Shutterstock