đ¨ Binance Announces Significant Changes for NEIRO, POPCAT, EIGEN, and 8 Other Coins đ¨
Binance, the largest cryptocurrency exchange globally, has introduced updates to the leverage and margin tiers of USD-Margined perpetual contracts for 11 cryptocurrencies, creating a buzz among investors. The updated contracts include NEIRO, POPCAT, EIGEN, CFX, DYDX, MEW, CATI, 1MBABYDOGE, ZK, BNX, and UNF. These changes, effective from October 14, are expected to influence trading strategies for futures traders.
Breakdown of the Updates:
NEIROUSDT: Positions of 0 < Position ⤠20,000 can now use 51-75x leverage with a 1% margin, while larger positions up to 160,000 have 26-50x leverage at a 1.5% margin.
POPCATUSDT: For positions of 0 < Position ⤠10,000, traders can leverage 51-75x with a 1% margin, while 10,000 < Position ⤠60,000 allows 26-50x leverage at 1.5%.
EIGENUSDT: Similar to POPCAT, 0 < Position ⤠10,000 enjoys 51-75x leverage, while larger positions can use 26-50x leverage.
CFXUSDT: 51-75x leverage is available for smaller positions, while 21-25x is set for larger positions, maintaining the 1-1.5% margin rate.
DYDXUSDT, MEWUSDT, CATIUSDT, 1MBABYDOGEUSDT, ZKUSDT, BNXUSDT: These follow similar patterns with 51-75x leverage for smaller holdings and reduced leverage for higher positions.
UNFIUSDT: Offers 11x leverage on positions up to 25,000 with a 2.5% margin.
These modifications are designed to optimize trading conditions, allowing users to take on higher leverage, particularly for smaller positions, and potentially adjust their strategies.
Traders should keep an eye on these updates and monitor market reactions to sta
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