Fellow Binancians,
With immediate effect, leverage levels of over 20x will not be available to futures accounts within the first three days of opening.
The new rules apply retroactively, meaning leverage levels of over 20x will not be available to futures accounts opened within the last three days:
Applicable accounts with open positions within 20x leverage will not be allowed to adjust their open positions to over 20x leverage.
Applicable accounts with open positions of over 20x leverage may choose to maintain their position leverage but will not be allowed to increase their position leverage further. Users may lower their position leverage to 20x or below.
For new accounts with no open positions, all new positions must not exceed 20x leverage.
Leverage limits for new accounts will be gradually lifted only after three days from opening.
Further Information:
Thanks for your support!
Binance Team
2021-07-27
Note: This announcement was updated on 2023-10-26 to reflect changes on eligibility of trading futures by new accounts.
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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: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Futures trading, in particular, is subject to high market risk and price volatility. You may be called upon at short notice to make additional margin deposits or interest payments. If the required margin deposits or interest payments are not made within the prescribed time, your collateral may be liquidated without your consent. Moreover, you will remain liable for any resulting deficit in your account and interest charged on your account. All of your margin balance may be liquidated in the event of adverse price movement. Past performance is not a reliable predictor of future performance. Before trading, you should make an independent assessment of the appropriateness of the transaction in light of your own objectives and circumstances, including the risks and potential benefits. Consult your own advisers, where appropriate. This information should not be construed as financial or investment advice. To learn more about how to protect yourself, visit our Responsible Trading page. For more information, see our Terms of Use and Risk Warning.
