Binance Leverage Changes Updates: What You Need to Know.
Binance regularly updates the leverage and margin tiers of its perpetual contracts. These changes are made to ensure the stability of the platform and protect users from excessive risk.
The most recent Binance leverage changes updates were made on October 18, 2023. The following USDⓈ-M Perpetual Contracts had their leverage and margin tiers adjusted:
* ALGOUSDT
* RUNEUSDT
* HBARUSDT
* GMTUSDT
The capped funding rate of these perpetual contracts was also adjusted to +2.00% / -2.00% at the same time.
What does this mean for users?
If you have any open positions on the affected perpetual contracts, your leverage and margin tiers will be automatically adjusted to the new values. This may result in your positions being liquidated if your margin ratio falls below the new maintenance margin requirement.
To avoid any potential liquidation, it is important to review your open positions and adjust your leverage and margin accordingly before the changes take effect.
How to adjust your leverage and margin?
To adjust your leverage and margin, go to the Binance Futures trading platform and select the perpetual contract you want to modify. In the order form, you will see the leverage and margin settings. Simply adjust them to the desired values and click "Place Order."
Important things to keep in mind
* Binance leverage changes updates may affect existing positions opened before the update.
* It is strongly advised to adjust your position and leverage prior to the adjustment in order to avoid any potential liquidation.
* If you are unsure about how to adjust your leverage and margin, please contact Binance customer support for assistance.
Conclusion
Binance leverage changes updates are made to ensure the stability of the platform and protect users from excessive risk. It is important to review your open positions and adjust your leverage and margin accordingly before the changes take effect.