This is a general announcement. The products and services described herein may not be available in your region.
Dear Binance Community Members,
Binance Margin increases the maximum leverage for cross-margin trades to 5x. This will improve capital efficiency and provide users with additional options as they can now obtain more funds through cross-margin loans using the same amount of collateral.
Please note that the default maximum leverage for new cross margin accounts will be 5x. Users can manually select 3x or 5x leverage as shown in the screenshot below. The maximum cross-margin borrowing limit depends on the leverage chosen by users. Users are strongly advised to maintain a margin level above 1.1 to avoid possible liquidation.
Notes
To access the new feature in the Binance app, users will need to download the latest version of the app or update to v2.67.0 or later.
Detailed information about cross-margin trading is available in the FAQ section.
If the translation and the original English version of the terms differ, the English version shall prevail.
Thanks for support!
Binance command
24.07.2023