⚠️ IMPORTANT UPDATE MUST READ ⚠️
Binance News, Announcement,
Update Read Below 👇
📢Binance Announces Major Update: Enhanced Collateral Ratios for Key Tokens!Binance is increasing collateral ratios for several popular crypto assets.
Significant boosts for meme coins like PEPE and BONK, among others.This change aims to improve your trading experience and manage risks more effectively.
Updated Collateral Ratios:
• $PEPE : Increased from 60% to 75%
• $BONK : Increased from 40% to 75%
• $NOT : Increased from 40% to 75%
• #NEAR : Raised to 75%
• #BANANA & $BB : Raised from 10% to 50%
• $ZRO & $IO : Enhanced from 30% to 50%
📢Effective From: July 30, 2024, 06:00 (UTC)
✅What This Means for You:
Improved Trading: Higher collateral ratios can reduce the risk of liquidation.
✅Stay Alert:
Monitor your positions closely to adapt to these changes and optimize your trades.
✅Why It Matters:
Collateral ratios are crucial for managing trading and borrowing risks. Higher ratios help protect against market volatility.
Stay tuned and adjust your strategies to take full advantage of these updates!
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