This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance Margin is pleased to announce that the maximum leverage on Cross Margin has been increased to 5x. This allows for enhanced capital efficiency and greater flexibility for users, as they can now complete larger Cross Margin loans with the same amount of collateral assets.
Please note that the maximum leverage for newly created Cross Margin accounts will be set to 5x by default, and users can manually adjust the leverage to 3x or 5x, as shown in the screenshot below. The maximum cross margin borrowing limit is based on the leverage selected by users. Users are strongly advised to maintain their Margin Levels above 1.1 in order to avoid any potential liquidation.
Notes:
To access this updated function on Binance App, users should download the latest Binance App, or upgrade their Binance App to v2.67.0, or later.
More information on Cross Margin trading can also be found in this FAQ.
Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
Thanks for your support!
Binance Team
2023-07-24