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Updates on Leverage and Margin Tiers of Binance Futures Contracts (2021-03-30)

Binance
2021-03-30 04:49
Fellow Binancians,
Binance Futures will update margin tiers of the XRP coin-margined contracts on 2021-03-30 9:00 AM (UTC) and LINK Coin-Margined contracts on 2021-04-01 9:00 AM (UTC) with new leverage and margin tiers as reflected in the table below. Position value and maintenance margin will be adjusted in each tier. Existing positions opened before the updates will be affected. It is strongly advised to adjust the position and leverage in order to avoid any potential liquidation.
It is important to note that the maintenance margin change will directly affect liquidation price. Users who held existing positions of the above Coin-Margined Contracts will be affected. To avoid being liquidated (i.e. margin ratio hits 100%), please add more margin to your Coin-M Futures account or reduce your positions. It is recommended to control the margin ratio below 80%.
  • XRPUSD Perpetual, XRPUSD Quarterly 0625, XRPUSD Quarterly 0924
Leverage
Position
Before Change
(Notional Value in XRP)
Position
After Change
(Notional Value in XRP)
Maintenance Margin Rate (After Change)
Initial margin
20x
Position ≤ 500,000
Position ≤ 500,000
2.00%
5.00%
10x
500,000 < Position ≤ 1,000,000
500,000 < Position ≤ 1,000,000
3.70%
10.00%
7x
1,000,000 < Position ≤ 2,000,000
1,000,000 < Position ≤ 1,500,000
5.00%
14.30%
6x
2,000,000 < Position ≤ 5,000,000
1,500,000 < Position ≤ 2,000,000
5.00%
16.70%
5x
5,000,000 < Position ≤ 10,000,000
2,000,000 < Position ≤ 3,000,000
10.00%
20.00%
4x
10,000,000 < Position ≤ 15,000,000
3,000,000 < Position ≤ 5,000,000
12.50%
25.00%
3x
15,000,000 < Position ≤ 20,000,000
5,000,000 < Position ≤ 10,000,000
15.00%
33.30%
2x
Position > 20,000,000
Position > 10,000,000
25.00%
50.00%
1x
Position > 20,000,000
Position > 10,000,000
25.00%
100.00%
  • LINKUSD Perpetual, LINKUSD Quarterly 0625, LINKUSD Quarterly 0924
Leverage
Position
Before Change
(Notional Value in LINK)
Position
After Change
(Notional Value in LINK)
Maintenance Margin Rate (After Change)
Initial margin
20x
Position ≤ 10,000
Position ≤ 10,000
2.15%
5.00%
10x
10,000 < Position ≤ 20,000
10,000 < Position ≤ 20,000
4.00%
10.00%
7x
20,000 < Position ≤ 40,000
20,000 < Position ≤ 40,000
5.00%
14.30%
6x
40,000 < Position ≤ 80,000
40,000 < Position ≤ 60,000
5.00%
16.70%
5x
80,000 < Position ≤ 160,000
60,000 < Position ≤ 80,000
10.00%
20.00%
4x
160,000 < Position ≤ 280,000
80,000 < Position ≤ 100,000
12.50%
25.00%
3x
280,000 < Position ≤ 400,000
100,000 < Position ≤ 150,000
15.00%
33.30%
2x
Position > 400,000
Position > 150,000
25.00%
50.00%
1x
Position > 400,000
Position > 150,000
25.00%
100.00%
Further information:
Risk Warning: Binance uses commercially reasonable effort to send notifications to the users. There may be instances where the users fail to receive the notification on time due to network delay, computer system failures and other force majeure. Binance will not be liable for any loss that might arise from your use of this feature. Please use at your own discretion and risk.
Please actively monitor your account status and evaluate the risk level of your account. It is strongly recommended that users add margin or reduce their positions to avoid liquidation before the account margin balance drops to the maintenance margin level.
Futures trading carries a substantial risk and the possibility of both significant profits and losses. Past gains are not indicative of future returns. All of your margin balance may be liquidated in the event of extreme price movement. The information here should not be regarded as financial or investment advice from Binance. All trading strategies are used at your discretion and your own risk. Binance will not be liable to you for any loss that might arise from your use of Futures.
Thanks for your support!
Binance Team
2021-03-30
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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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