Binance has announced a reduction in collateral ratios for a number of altcoins, impacting users operating margin accounts.
Changes in Collateral Ratios
According to Binance's update, the following new collateral ratios for assets are effective:
| Asset | Old Ratio | New Ratio | | --- | --- | --- | | CAKE | 80% | 75% | | IOTA | 70% | 60% | | AXS | 70% | 60% | | MASK | 60% | 50% | | CHZ | 65% | 50% | | BAT | 65% | 50% | | GTC | 50% | 40% | | PORTAL | 50% | 35% | | ZEC | 30% | 20% | | MOVE | 20% | 10% | | BSW | 20% | 10% |
Impact on Users
The reduction of collateral ratios will impact the borrowing power of users holding the mentioned assets within margin accounts. Binance urges all Portfolio Margin users to review their positions and adjust accordingly to prevent forced liquidations.
Conclusion
The adjustments in collateral ratios reflect Binance's active risk management amid evolving market conditions. Users are reminded to refer to the official announcement for the most accurate information.
Binance continues to adapt to market conditions by adjusting margin trading terms, which requires users to be vigilant and to adjust their positions accordingly.
