• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Binance Boosts TRUMP Leverage to 50x

user avatar

by Giorgi Kostiuk

2 years ago

Binance Futures recently announced changes in the leverage and margin tiers for some of its popular contracts. These adjustments affect various USDT and coin-based contracts.

Changes in Binance Futures Contracts

According to a recent notice, Binance Futures will adjust its margin tiers and leverage levels effective January 22, 2025. The enhancements apply to TRUMPUSDT, LITUSDT, DOGSUSDT, and NEIROETHUSDT contracts. The exchange assured that current user positions will remain unaffected.

Details on TRUMP Leverage Increase

The TRUMP contract's maximum leverage, previously at 25x, is now boosted to 50x. Moreover, the margin rate is reduced from 2.00% to 1.00%, with all higher tiers cut by at least 50%.

Overview of Other Contract Adjustments

For the LITUSDT contract, the leverage cut from 25x to 10x did not largely affect its margin rates, except the 25.00% tier. NEIROETH contracts also saw a leverage reduction to 15x with detailed margin tier changes. Adjustments were made for WLD and DOGS contracts in terms of maximum position tiers, while the rates themselves remain unchanged.

These updates aim to optimize resource usage and risk management for Binance Futures users.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Aave Proposes Crosschain Expansion for sGHO

chest

Aave governance is reviewing a proposal to extend sGHO to crosschain capabilities using Chainlink CCIP.

user avatarJacob Williams

Solana Transforms into a Leading Trading Venue

chest

Solana has transformed from a competitor to Ethereum into a leading venue for fast and low-cost trading.

user avatarSon Min-ho

Ripple Recognized in CNBC and Statista's Top Fintech Companies List for Fourth Year

chest

Ripple has been included in CNBC and Statista's list of the world's top fintech companies for the fourth consecutive year, highlighting its role in digital asset infrastructure.

user avatarZainab Kamara

Solana's DEX Volume Hits $17 Billion, Signaling Increased Trading Activity

chest

Solana's DEX volume has surged to approximately $17 billion daily, indicating its growing role in crypto trading.

user avatarAyman Ben Youssef

Franklin Templeton's Asset Shift to BNB Chain Signals New Era in RWA Settlement

chest

Franklin Templeton's Benji platform has shifted its focus to BNB Chain, highlighting the importance of low-cost, high-throughput networks in real-world asset settlement.

user avatarKofi Adjeman

BNB Chain Surpasses Competitors as Largest Host for Franklin Templeton's Benji Assets

chest

BNB Chain has become the largest blockchain host for Franklin Templeton's Benji platform assets, holding approximately $15 billion of tokenized money market fund assets.

user avatarTando Nkube

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.