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Binance Announces Major Update: Enhanced Collateral Ratios for Key Tokens!
Binance is boosting collateral ratios for several popular crypto assets.
Significant increases for meme coins like PEPE and BONK among others.
This change is set to improve your trading experience and manage risks more effectively.
Updated Collateral Ratios:
- PEPE: Raised from 60% to 75%
- BONK: Raised from 40% to 75%
- NOT: Raised from 40% to 75%
- NEAR: Increased to 75%
- BANANA & BB: Uplifted from 10% to 50%
- ZRO & IO: Enhanced from 30% to 50%
Effective From: July 30, 2024, 06:00 (UTC)
What This Means for You:
Improved Trading: Higher collateral ratios can reduce the risk of liquidation.
Stay Alert: Monitor your positions closely to adapt to these changes and optimize your trades.
Why It Matters:
Collateral Ratios are crucial for managing trading and borrowing risks. Higher ratios help protect against market volatility.
Stay tuned and adjust your strategies to take full advantage of these updates!
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