Binance is increasing the margin rates for some popular altcoins. The changes will come into effect on November 1. Users should monitor their margin levels to avoid any potential liquidations that may arise from these adjustments.

The world’s largest crypto exchange will update the margin rates for NEIRO, TURBO, SUI, TON, EIGEN, EURI, and SCR. NEIRO’s rate has been increased from 30% to 40%, while TURBO’s has been increased from 10% to 20%. SUI’s rate has increased by 5% to 60%.

Binance noted that the margin rate will affect the Unified Maintenance Margin Ratio (uniMMR) and warned users to monitor uniMMR closely. 💼

Last week, Binance launched 1000CATUSDT perpetual contracts, and Simon’s Cat (CAT) saw a 65% increase. It also announced that it will delist IDRT, KP3R, OOKI, and UNFI in 2025. After this announcement, UNFI lost more than 40% of its value. 📉