*🚨Updates on Leverage and Margin Tiers for USDⓈ-M Perpetual Contracts*🔻🔻🔻
Binance Futures has announced updates to the leverage and margin tiers for the REEFUSDT and MAGICUSDT USDⓈ-M Perpetual Contracts ¹. The updates are scheduled to take place on July 25 and July 26, 2024, at 10:30 (UTC), and will be completed within approximately 30 minutes ¹.
*REEFUSDT Updates*
- *Leverage and Margin Tiers*: The leverage and margin tiers for REEFUSDT have been updated as follows
- 26x leverage for positions between 0 and 5,000 USDT, with a maintenance margin rate of 1.50%
- 21x leverage for positions between 5,000 and 20,000 USDT, with a maintenance margin rate of 2.00%
- 11x leverage for positions between 20,000 and 25,000 USDT, with a maintenance margin rate of 2.50%
- 6x leverage for positions between 25,000 and 200,000 USDT, with a maintenance margin rate of 5.00%
- 5x leverage for positions between 200,000 and 400,000 USDT, with a maintenance margin rate of 10.00%
- 4x leverage for positions between 400,000 and 500,000 USDT, with a maintenance margin rate of 12.50%
- 2x leverage for positions between 500,000 and 1,000,000 USDT, with a maintenance margin rate of 25.00%
- 1x leverage for positions between 1,000,000 and 1,500,000 USDT, with a maintenance margin rate of 50.00%
*MAGICUSDT Updates*
- *Leverage and Margin Tiers*: The leverage and margin tiers for MAGICUSDT have been updated as follows ¹:
- 26x leverage for positions between 0 and 5,000 USDT, with a maintenance margin rate of 1.50%
- 21x leverage for positions between 5,000 and 20,000 USDT, with a maintenance margin rate of 2.00%
- 11x leverage for positions between 20,000 and 25,000 USDT, with a maintenance margin