🚨 BINANCE WILL REDUCE LEVERAGE ON 14 CONTRACTS: REVIEW YOUR POSITIONS
Binance announced changes to the leverage limits and margin requirements for 14 perpetual contracts (futures with no expiration date).
📅 WHEN?
Friday, October 16, starting at 03:30 Argentina time (06:30 UTC).
⚠️ ATTENTION: THIS WILL ALSO AFFECT OPEN POSITIONS.
📉 WHICH CONTRACTS ARE CHANGING?
🔸 BLUR, VELODROME, MOVR, COOKIE, BICO, and ARK: maximum leverage reduced from 20x to 10x.
🔸 CVC: from 50x to 25x.
🔸 STX and JASMY: from 75x to 50x.
🔸 RARE and LSK: from 25x to 10x.
🔸 PTB: from 20x to 10x.
🔸 LYN: from 10x to 5x.
🔸 WIF: remains at up to 75x, but its position limits and margin requirements are changing.
🛡️ WHAT SHOULD YOU DO BEFORE 10/16?
1️⃣ Check whether you have open positions in any of these contracts.
2️⃣ Check the maintenance margin (the minimum collateral required to keep a trade open).
3️⃣ Check your liquidation price and consider adjusting your exposure if necessary.
4️⃣ If you use grid bots (automated systems that place staggered orders), review their settings: some strategies may be terminated.
📊 OUR TAKE
These changes may alter the risk of existing positions, especially when using high leverage.
⚠️ This does not mean Binance will delist these tokens, nor is it an automatic sell signal.
The priority is to review the terms before they take effect.
📌 ALERT / BINANCE / RISK MANAGEMENT
#Binance #futures #trading #Crypto
Binance announced changes to the leverage limits and margin requirements for 14 perpetual contracts (futures with no expiration date).
📅 WHEN?
Friday, October 16, starting at 03:30 Argentina time (06:30 UTC).
⚠️ ATTENTION: THIS WILL ALSO AFFECT OPEN POSITIONS.
📉 WHICH CONTRACTS ARE CHANGING?
🔸 BLUR, VELODROME, MOVR, COOKIE, BICO, and ARK: maximum leverage reduced from 20x to 10x.
🔸 CVC: from 50x to 25x.
🔸 STX and JASMY: from 75x to 50x.
🔸 RARE and LSK: from 25x to 10x.
🔸 PTB: from 20x to 10x.
🔸 LYN: from 10x to 5x.
🔸 WIF: remains at up to 75x, but its position limits and margin requirements are changing.
🛡️ WHAT SHOULD YOU DO BEFORE 10/16?
1️⃣ Check whether you have open positions in any of these contracts.
2️⃣ Check the maintenance margin (the minimum collateral required to keep a trade open).
3️⃣ Check your liquidation price and consider adjusting your exposure if necessary.
4️⃣ If you use grid bots (automated systems that place staggered orders), review their settings: some strategies may be terminated.
📊 OUR TAKE
These changes may alter the risk of existing positions, especially when using high leverage.
⚠️ This does not mean Binance will delist these tokens, nor is it an automatic sell signal.
The priority is to review the terms before they take effect.
📌 ALERT / BINANCE / RISK MANAGEMENT
#Binance #futures #trading #Crypto