Binance Futures Major Adjustment: U-margin Perpetual Contract Leverage and Margin Tiers Update
Market shock: Binance announced that it will make important adjustments to multiple U-margin Perpetual Contracts on August 27, 2024. The update involves the leverage and margin tiers of XRPUSDT, BNBUSDT, ORDIUSDT, NOTUSDT, BOMEUSDT and RAREUSDT, and the adjustment time is 15:30 (Eastern Time 8). In addition, the leverage and margin tiers of MATICUSDT and MATICUSDC will also be updated at 16:15 (Eastern Time 8).
Core content:
Leverage adjustment: This adjustment may change the risk exposure of contract transactions and affect investors' leverage usage strategies. Margin tier update: The new margin tier will redefine funding requirements and may affect position holding costs and risk management.
User impact: Please note that this adjustment will not affect users' current positions. The updated leverage and margin settings will only affect transactions that open new positions or adjust existing positions.
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