Binance has implemented two new features to enhance risk management on its margin trading platform.
New Margin Trading Features
The latest updates include the ability to customize the margin call ratio and alert frequency. Traders can receive instant email and SMS notifications when the margin level drops to the set point. Additionally, users can select how often they receive margin call alerts, from hourly to once every 24 hours.
Zero-Fee Swap and Solv Protocol
For six months, users with keyless addresses can swap tokens without fees using the Binance Wallet. Additionally, Binance has added Solv Protocol to Simple Earn, offering users up to 18.9% APR during the promotional period from March 18 to September 18.
Risks and Precautions
Binance advises careful evaluation of trading strategies as margin trading is inherently risky. It is strongly recommended to review the Simple Earn Terms & Conditions and consider the risks involved with digital asset price fluctuations.
Binance's new features aimed at risk management and user experience enhancement come with warnings about the importance of responsible investment practices.
