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🔥🔥 Binance Makes Key Announcement On PEPE, BONK & 6 Other Crypto: 🤔
🔴 Digital asset exchange Binance announced updates to the collateral ratio of PEPE, BONK, and six other crypto assets. The exchange raised the ratio for tokens.
🔴 Highlights:
• Binance announced an update to its collateral ratio for eight tokens.
• The ratio was increased for all listed tokens to enhance the trading experience.
• Users and traders await the impact of the increase on the market.
✍️ Crypto exchange Binance has announced updates to the collateral ratio of several crypto assets to enhance the trading experience for users. The update will affect crypto such as popular meme coins PEPE, BONK, and BANANA, among others. Due to the risk of liquidation, crypto users usually avoid under-collateralization in most cases.
🔴Binance Update Collateral Ratio
The largest exchange by trading volume has announced key updates to the collateral ratio for traders. In a July 29 release, Binance announced the new ratio expected to change how users trade and borrow assets under portfolio margin. The move increases the ratio for eight crypto assets.
“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.”
Meme coin PEPE will see an increase from 60% to 75% NOT will also soar from 40% to 75%. Other assets collateral ratios updated to 75% include NEAR and BONK. The rest on the list had their collateral ratio increased to 50% from lesser positions. BANANA and BB moved from 10% for that mark while ZRO and IO were raised from 30%.
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