Binance has another new announcement!
This time, it’s not listing a new coin,
and it’s not a fee discount.
Instead, it’s adjusting the collateral ratios for FIL and HBAR!
Starting November 13,
the collateral ratio for the relevant margin accounts will increase from 50% to 60%.
A lot of people might not understand:
What does this have to do with ordinary users?
Here’s a simple example:
Suppose you hold assets worth $1,000.
At a 50% collateral ratio,
the collateral value is $500.
At 60%,
the collateral value becomes $600.
Note: this is just an example to make things easier to understand,
and doesn’t mean you can necessarily borrow $600.
What actually affects your borrowing limit and liquidation risk
also includes your account liabilities, other collateral assets, and specific risk-control rules.
So remember:
Changes to exchange rules
don’t mean the coin price will necessarily rise or fall.
But if you use leverage,
you need to read announcements carefully.
Do you usually keep an eye on exchanges’ margin rules?
A. I follow them regularly
B. I only check when I’m trading
C. I’ve never looked at them
#Binance #BinanceSquare
#Web3 #交易风险 #区块链
$SNDK
This time, it’s not listing a new coin,
and it’s not a fee discount.
Instead, it’s adjusting the collateral ratios for FIL and HBAR!
Starting November 13,
the collateral ratio for the relevant margin accounts will increase from 50% to 60%.
A lot of people might not understand:
What does this have to do with ordinary users?
Here’s a simple example:
Suppose you hold assets worth $1,000.
At a 50% collateral ratio,
the collateral value is $500.
At 60%,
the collateral value becomes $600.
Note: this is just an example to make things easier to understand,
and doesn’t mean you can necessarily borrow $600.
What actually affects your borrowing limit and liquidation risk
also includes your account liabilities, other collateral assets, and specific risk-control rules.
So remember:
Changes to exchange rules
don’t mean the coin price will necessarily rise or fall.
But if you use leverage,
you need to read announcements carefully.
Do you usually keep an eye on exchanges’ margin rules?
A. I follow them regularly
B. I only check when I’m trading
C. I’ve never looked at them
#Binance #BinanceSquare
#Web3 #交易风险 #区块链
$SNDK
