In a significant development for cryptocurrency trading, Binance Futures has announced an update to the leverage and margin tiers for several of its perpetual contracts. Effective December 25, 2024, at 16:30 (UTC+8), the changes will apply to USUALUSDT, PENGUUSDT, ZENUSDT, VANAUSDT, MOCAUSDT, and VIRTUALUSDT. This strategic adjustment aims to enhance trading efficiency while ensuring that users’ current positions remain secure and unaffected by the modifications. Traders should remain cognizant of these updates as they could impact margin requirements and overall trading strategy. Furthermore, the initiative underscores Binance’s commitment to adapting to market dynamics and maintaining its status as a leading platform in the cryptocurrency landscape, providing users with the tools necessary for informed trading.
Source: https://en.coinotag.com/breakingnews/binance-futures-updates-leverage-and-margin-tiers-for-usualusdt-and-other-perpetual-contracts/