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🔥🔥🔥 Binance Updates Collateral Ratios for PEPE, BONK & Six Other Cryptos🤔🤔🤔

📌 Binance, a leading digital asset exchange, has announced updates to the collateral ratios for PEPE, BONK, and six other cryptocurrencies. These updates include an increase in the collateral ratio for these tokens.

📢 Key Highlights:

- Binance has revised the collateral ratios for eight tokens.

- The collateral ratio for each listed token has been increased to improve the trading experience.

- Traders and users are anticipating the effects of these changes on the market.

✍️ Binance's update aims to enhance the trading experience by adjusting the collateral ratios for various crypto assets, including popular meme coins PEPE, BONK, and BANANA. The risk of liquidation often leads crypto users to avoid under-collateralization.

Binance Collateral Ratio Update:

Binance, the largest exchange by trading volume, announced significant changes to the collateral ratios for traders. On July 29, Binance revealed the new ratios, which are expected to impact how users trade and borrow assets under portfolio margin. The ratios for eight crypto assets have been increased.

"Fellow Binancians, Binance will update the collateral ratio for the following assets under Portfolio Margin from 2024-07-30 06:00 (UTC). The update will be completed within approximately one hour."

The collateral ratio for meme coin PEPE will rise from 60% to 75%, while BONK will also see an increase from 40% to 75%. Other assets such as NEAR and BONK will have their collateral ratios updated to 75%. Additional tokens will see their ratios increase to 50% from lower positions. BANANA and BB will move from 10% to 50%, and ZRO and IO will rise from 30% to 50%.

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