This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance Margin is pleased to announce that the maximum leverage on Cross Margin has been increased to 5x. This allows for enhanced capital efficiency and greater flexibility for users, as they can now complete larger Cross Margin loans with the same amount of collateral assets.
Please note that the maximum leverage for newly created Cross Margin accounts will be set to 5x by default, and users can manually adjust the leverage to 3x or 5x, as shown in the screenshot below. The maximum cross margin borrowing limit is based on the leverage selected by users. Users are strongly advised to maintain their Margin Levels above 1.1 in order to avoid any potential liquidation.
Notes:
To access this updated function on Binance App, users should download the latest Binance App, or upgrade their Binance App to v2.67.0, or later.
More information on Cross Margin trading can also be found in this FAQ.
Thanks for your support!
Binance Team
2023-07-24
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Disclaimer and Risk Warning: Digital asset prices are subject to high market risk and price volatility. The information provided does not constitute, in any way, a solicitation or recommendation or inducement to buy or sell the products. The value of your investment may go down or up, and you may not get back the amount invested. Comments and analysis do not constitute a commitment or guarantee on the part of Binance. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. This product may not be available in certain countries and to certain users. This content is not intended for users/countries to which prohibitions/restrictions apply. For more information, see our Terms of Use and Risk Warning. To learn more about how to protect yourself, visit our Responsible Trading page.
