This is a general announcement and the products and services involved may not be available in your area.
Dear user:
Binance Leverage Platform now supports the maximum leverage multiplier for full positions to be increased to 5x. Users can use the same margin to complete larger cross-margin loans to increase asset utilization and provide users with more flexibility.
Please note that the maximum leverage of a newly created cross-margin account will be set to 5x by default. Users can manually adjust the leverage of 3x or 5x, as shown in the figure below. The maximum borrowing amount for cross position leverage will be calculated based on the leverage multiple selected by the user. It is strongly recommended that users maintain their account risk rate above 1.1 to avoid triggering forced liquidation.
Notice:
To use this feature on Binance App, users must download the latest version of Binance App or update to v2.67.0 or higher;
For more details about cross margin trading, please refer to the FAQ;
If there is any discrepancy between the translated version and the original English version, the English version shall prevail.
Thank you for your support of Binance!
Binance Team
July 24, 2023