On October 15, COINOTAG reported significant updates from Binance concerning its trading platform. According to an official announcement, Binance Contracts has revised the leverage and margin tiers for a select group of perpetual contracts including TURBOUSDT, WUSDT, ETHFIUSDT, and several others. These adjustments will take effect at 16:30 UTC+8 on October 15, 2024. Importantly, users’ existing positions will remain intact and won’t be impacted by these changes. This development is particularly relevant for traders seeking optimized risk management strategies in the volatile cryptocurrency market. By adjusting leverage options, Binance aims to enhance user experience and provide traders with better tools for navigating their crypto investments.
Source: https://en.coinotag.com/breakingnews/binance-contracts-enhances-leverage-and-margin-tiers-for-turbousdt-on-october-15-2024/