Binance Futures to Update Leverage and Margin Tiers for KSM, DASH, IOTA, ASTR and KAVA USDⓈ-M Perpetual Contracts

Binance
Futures,
a
leading
cryptocurrency
exchange
platform,
has
announced
updates
to
the
leverage
and
margin
tiers
for
several
USDⓈ-M
Perpetual
Contracts.
The
changes
will
affect
KSMUSDT,
DASHUSDT,
IOTXUSDT,
ASTRUSDT,
and
KAVAUSDT
contracts
and
are
set
to
be
implemented
on
June
18,
2024,
at
06:00
(UTC),
according
to

Binance.

Impact
on
Existing
Positions

According
to
Binance,
the
updates
will
impact
existing
positions
opened
before
the
changes
take
effect.
Users
are
advised
to
review
their
current
positions
and
make
any
necessary
adjustments.

Details
of
the
Updates

The
specific
details
of
the
updates
to
the
leverage
and
margin
tiers
are
outlined
in
the
tables
provided
by
Binance.
These
changes
are
part
of
Binance’s
ongoing
efforts
to
enhance
the
trading
experience
and
manage
risk
more
effectively
on
its
platform.

Risk
and
Disclaimer

Binance
has
issued
a
disclaimer
reminding
users
of
the
risks
involved
in
futures
trading.
Digital
asset
prices
can
be
highly
volatile,
and
futures
trading
carries
significant
market
risk.
Users
may
be
required
to
make
additional
margin
deposits
or
interest
payments
at
short
notice.
Failure
to
meet
these
requirements
may
result
in
the
liquidation
of
collateral
without
user
consent,
potentially
leading
to
a
deficit
in
the
account.

Binance
advises
users
to
conduct
their
own
independent
assessments
and
consult
with
advisers
where
appropriate.
The
platform
also
encourages
users
to
visit
its

Responsible
Trading
page
for
more
information
on
how
to
trade
responsibly.

These
updates
underscore
Binance’s
commitment
to
maintaining
a
secure
and
efficient
trading
environment.
For
further
details,
users
are
encouraged
to
refer
to
the
official
announcement
on
Binance’s
website.

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source:
Shutterstock