Binance will adjust REEFUSDT perpetual contract leverage, margin tiers and funding rate settlement frequency

According to TechFlow, on October 16, according to the official announcement, Binance Futures will update the leverage and margin levels of REEFUSDT U-margin perpetual contracts at 14:30 (ET on October 16, 2024). Users' existing positions before the update will be affected. Users are advised to refer to the updated leverage and margin levels to avoid forced liquidation.

In addition, Binance Futures will adjust the funding rate settlement frequency of REEFUSDT U-margined Perpetual Contracts at 14:30 (ET) on October 16, 2024. The funding rate settlement frequency will be adjusted from once every eight hours to once every four hours.