Binance to change maintenance margin ratios
Binance to change maintenance margin ratios
Cryptocurrency exchange Binance has announced that it will adjust downward the maintenance margin ratios for Cross Margin loanable assets in the Portfolio Margin and Classic Portfolio Margin programs.
The new maintenance margin ratios will take effect on September 20, 2023, at 12:00 UTC.
"This increases the borrowing capacity of Cross Margin users under both programs, allowing them to enjoy enhanced capital efficiency and greater flexibility," Binance commented.
The exchange notes that adjustments to Cross Margin's maintenance margin ratios for loanable assets will result in changes to corresponding leverage values. The newly maintained margin and leverage ratios for Cross Margin loanable assets will automatically apply to all open and existing Cross Margin loan positions.
Portfolio Margin is an advanced trading mode designed for experienced traders who require increased leverage and flexibility when using different trading products.
Classic Portfolio Margin is a cross margin program that consolidates the balances of Margin, USDⓈ-M Futures and COIN-M Futures wallets.
It's worth noting that Binance recently experienced technical issues that temporarily disrupted its futures trading services, but the exchange quickly resolved the problem.
Also read: Institutional clients will be able to store crypto assets at Deutsche Bank.
