Fellow Binancians,
As part of its risk control measures, Binance Margin will be introducing collateral haircuts on Cross Margin from 2023-01-12 08:00 (UTC).
All borrowable assets on Cross Margin and the respective collateral ratios for valuation (i.e. collateral haircuts) are listed under the [Cross Margin Collateral Ratio] tab of the Margin Data page. Binance Margin will determine the maximum borrowing amount and maximum transfer-out amount of each user on Cross Margin based on their collateral value, which is the USDT-equivalent value of all assets in a userâs Cross Margin account after factoring in the relevant collateral ratios.
Please note that the collateral value will not impact the margin level of Cross Margin accounts, which will be calculated based on usersâ total asset value on Cross Margin without any haircuts. For more details, please refer to the FAQ.
Thanks for your support!
Binance Team
2023-01-05
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Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.
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