Fellow Binancians,
To better serve our users and to prevent increased market risk, Binance has upgraded our risk management for Binance Leveraged Tokens (BLVT). Binance will be taking the following risk control measures, including but not limited to:
Maximum Position Limits
Binance will impose a maximum allowable position limit of BLVT tokens for each user. A buy order will be rejected if the total of purchase quantity and current position exceeds the maximum allowable position limit.
For example, User A’s maximum allowable position limit for BTCUP is 10 BTCUP and User A’s current position is 6 BTCUP. The maximum quantity User A can now purchase is 4 BTCUP. The buy order will be rejected if User A attempts to buy 5 BTCUP.
Notes:
Please ensure you have fully read the Binance Leveraged Tokens Risk Disclosure Statement prior to trading or participating in any Binance Leveraged Tokens products, and fully understand the risks associated with leveraged tokens. As a trader, you acknowledge and agree that you shall access and use Binance Leveraged Tokens at your own risk.
Risk Warning: Leveraged Tokens are designed for short term bets on market movement, with preference toward momentum. Long term holding of BLVT is risky, as the token has some built-in decay in the absence of momentum movements in favor of the position. Note that BLVT is NOT a replacement for a margin leveraged product, and does not behave the same way. Please use at your own discretion.
Thanks for your support!
Binance Team
2020/08/14
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