Binance Boosts TRUMP Leverage to 50x

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.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Tier I

Requires 25% Tier Progress to Claim

Meme Cache

Tier I

Requires 50% Tier Progress to Claim

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Tier I

Sector: #18291

25%

50%

75%

100%

Tier II

Survivors rescued:

0 / 600

Survivors

0/0

Transmit Signal

Broadcast this sector's coordinates to other rescuers.

Other news

Router Protocol to Shut Down Crosschain Network and Burn 303 Million Tokens

Router Protocol has announced a deprecation plan to shut down its crosschain messaging network and burn 303 million ROUTE tokens due to unsustainable maintenance costs.

Zainab Kamara3 minutes ago

Ripple Partners with Florida Athletics to Introduce Digital Asset Payments

Ripple has partnered with Florida Athletics to allow fans to use XRP and RLUSD for ticketing and merchandise, enhancing payment experiences and promoting digital asset adoption.

Son Min-hoan hour ago

Fomo App Overtakes Pumpfun in 24-Hour Revenue Surge

Fomo app has surpassed Pumpfun in 24-hour protocol revenue, generating $14 million in fees.

Ayman Ben Youssef2 hours ago

New Report Released Based on Sec's Information

A report has been generated based on the information released by Sec. This release aims to inform the public and increase awareness of the information provided by Sec.