Fellow Binancians,
Binance Futures will gradually adjust the margin tiers of the OMG USDⓈ-M Contract starting from 2021-11-09 at 11:30 AM (UTC) with new leverage and margin tiers as reflected in the table below. Position value and maintenance margin will be adjusted in each tier. Existing positions opened before the updates will be affected. It is strongly advised to adjust the position and leverage in order to avoid any potential liquidation.
The max position of OMG USDⓈ-M Perpetual Contract has been reduced to 10,000,000 USDT in notional value and the max leverage of OMG USDⓈ-M Perpetual Contract has been reduced to 25x.
Notes:
Leverage | Position Before Change | Position After Change | Maintenance Margin Rate (After Change) |
21-25x | 0 < Position ≤ 5,000 | 0 < Position ≤ 5,000 | 2.4% |
11-20x | 5,000 < Position ≤ 25,000 | 5,000 < Position ≤ 25,000 | 2.5% |
6-10x | 25,000 < Position ≤ 100,000 | 25,000 < Position ≤ 100,000 | 5.00% |
3-5x | 100,000 < Position ≤ 250,000 | 100,000 < Position ≤ 250,000 | 10.00% |
2x | 250,000 < Position ≤ 1,000,000 | 250,000 < Position ≤ 1,000,000 | 12.50% |
1x | Position > 1,000,000 | 1,000,000 < Position ≤ 10,000,000 | 50.00% |
Further information:
Risk Warning: Futures trading carries substantial risk and the possibility of both significant profits and losses. Past gains are not indicative of future returns. All of your margin balance may be liquidated in the event of extreme price movements. The information here should not be regarded as financial or investment advice from Binance. All trading strategies are used at your discretion and your own risk. Binance will not be liable to you for any loss that might arise from your use of Futures. To learn more about how to protect yourself, visit our Responsible Trading resource page.
Thanks for your support!
Binance Team
2021-11-09
Trade on-the-go with Binance’s crypto trading app (iOS/Android)
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Note: This announcement was last updated on 2021-11-09 to reflect the impact of the adjustment on funding rate and to update some parameters.
Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.
