Updates to Coin-Margined DOGE Perpetual Contracts (2021-05-05)
2021-05-05 03:47
Fellow Binancians,
Binance Futures will update the risk and margin tiers of Coin-margined DOGEUSD perpetual contracts at 2021-05-05 7:00 AM (UTC) as reflected in the table below.
Leverage | Position Before Change (Notional Value in DOGE) | Position After Change (Notional Value in DOGE) | Maintenance Margin Rate (After Change) | Initial margin |
21x-25x | Position ≤ 1,000,000 | Position ≤ 500,000 | 1.20% | 4.00% |
11x-20x | 1,000,000 < Position ≤ 5,000,000 | 500,000 < Position ≤ 2,500,000 | 2.50% | 5.00% |
6x-10x | 5,000,000 < Position ≤ 25,000,000 | 2,500,000 < Position≤ 12,500,000 | 5.00% | 10.00% |
5x | 25,000,000 < Position ≤ 50,000,000 | 12,500,000 < Position ≤ 25,000,000 | 10.00% | 20.00% |
3x-4x | 50,000,000 < Position ≤ 100,000,000 | 25,000,000 < Position ≤ 50,000,000 | 12.50% | 25.00% |
2x | 100,000,000 < Position ≤ 200,000,000 | 50,000,000 < Position ≤ 100,000,000 | 25.00% | 50.00% |
1x | Position > 200,000,000 | Position > 100,000,000 | 50.00% | 100.00% |
Risk Warning: 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!
Thanks for your support!
Binance Team
2021-05-05
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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.