Binance has announced an update to the maintenance margin ratio for cross-margin loanable assets, effective from September 20, 2023, at 12:00 (UTC). This adjustment will impact the leverage multiple of these assets and automatically update existing fully collateralized leveraged positions in both unified account plans to align with the new maintenance margin ratio.
The goal of this update is to increase the borrowing capacity for users participating in Cross Margin programs on Binance, thereby offering improved capital efficiency and greater trading flexibility.
Additionally, the maintenance margin ratios for Cross Margin loanable assets will undergo modifications, which will affect their leverage. These changes will be applied automatically to all open and existing Cross Margin loan positions created under the programs starting from September 20, 2023.
Binance to Enhance Capital Efficiency and Trading Flexibility with Maintenance Margin Ratio Update
Binance’s Classic Portfolio Margin Program is designed to streamline margin balances across various trading products, providing support for over 200 cryptocurrencies as collateral. It caters to professional traders, market makers, and institutional clients looking for an integrated solution for active trading, cross-hedging, and optimized risk management.
It’s worth noting that Binance recently experienced a temporary halt in USDT leveraged futures trading due to technical issues. However, the exchange promptly resolved the problem, ensuring the seamless resumption of trading activities.
As always, investors and traders are encouraged to conduct their own research and due diligence before making any investment decisions, as the information provided here is for general market commentary and does not constitute investment advice.