Binance Futures has announced updates to the leverage and margin tiers for several USDⓈ-M perpetual contracts, including RNDRUSDT, ZROUSDT, ZKUSDT, and LISTAUSDT. The new tiers took effect on July 9, 2024, at 06:30 (UTC), according to Binance.
Details of the Update
The adjustments to the leverage and margin tiers were implemented to ensure better risk management and trading experience for users. Importantly, existing positions opened before the update on July 9 will not be affected by these changes.
In addition, 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, for these contracts, existing positions opened before the update will be impacted.
Implications for Traders
Traders holding positions in the affected contracts should closely monitor these changes as they may influence trading strategies and risk management. Binance has recommended that users review their margin levels and adjust their positions accordingly to avoid any potential liquidations.
These updates are part of Binance’s ongoing efforts to enhance the trading environment and maintain a robust risk management framework. The exchange reiterated that it reserves the right to amend or cancel announcements at any time without prior notice.
Risk and Disclaimer
Binance has issued a disclaimer noting the inherent risks associated with digital asset trading. The value of investments may fluctuate, and traders may not recover the amounts invested. Futures trading, in particular, involves high market risk and price volatility, which can lead to significant losses. Binance advises traders to conduct their own assessments and seek independent advice where necessary.
For further details, traders can visit Binance’s Responsible Trading page and review the Terms of Use and Risk Warning.
Image source: Shutterstock
