Price: $0.38902 -1.6619%
Market Cap: 57.14B 1.7663%
Volume (24h): 8.5B 0.4%
Dominance: 1.7663%
Price: $0.38902 -1.6619%
Market Cap: 57.14B 1.7663%
Volume (24h): 8.5B 0.4%
Dominance: 1.7663% 1.7663%
  • Price: $0.38902 -1.6619%
  • Market Cap: 57.14B 1.7663%
  • Volume (24h): 8.5B 0.4%
  • Dominance: 1.7663% 1.7663%
  • Price: $0.38902 -1.6619%
Home > Information news > Binance Futures Overhauls Pepe Coin, Solana & Other Crypto Leverage Tiers

Binance Futures Overhauls Pepe Coin, Solana & Other Crypto Leverage Tiers

Release: 2024/08/02 18:03 Reading: 661

Original author:CoinGape

Original source:https://coingape.com/binance-futures-overhauls-pepe-coin-solana-other-crypto-leverage-tiers/

Binance Futures Overhauls Pepe Coin, Solana & Other Crypto Leverage Tiers

Binance Futures Announces Updated Leverage and Margin Tiers

Binance Futures has implemented comprehensive changes to the leverage and margin tiers for popular cryptocurrency assets, including SOLUSDT, 1000PEPEUSDT, MEWUSDT, and TAOUSDT. Effective August 2, 2024, these adjustments reflect Binance's ongoing commitment to optimizing its trading environment.

Modified Leverage and Position Sizes

The new structure modifies both maximum leverage limits and position sizes for each tier, with variations across different cryptocurrencies. For example, SOLUSDT positions now have expanded sizes for higher leverage tiers, enabling larger positions.

1000PEPEUSDT allows increased maximum leverage for smaller position sizes, offering 51-75x leverage for positions under 5,000 USDT. MEWUSDT and TAOUSDT also feature adjusted tier structures with increased position size limits.

Updated Maintenance Margin Rates

Binance Futures has also revised the maintenance margin rates for various position sizes across affected assets. These changes influence the collateral required by traders to maintain their positions.

Unaffected Existing Positions

Binance assures traders that existing positions will not be impacted by the new tier structure. Current trades will continue uninterrupted under their original terms.

Investment in Particle Network

In related news, Binance Labs, the venture capital arm of Binance, has invested heavily in Particle Network. This company is developing a Layer 1 solution that aims to unify blockchain networks through Universal Accounts.

Particle Network's blockchain addresses the fragmentation of user bases and liquidity across multiple chains, offering Universal Accounts, Universal Liquidity, Universal Gas, and the Particle L1 chain as core features.

This investment underscores Binance's dedication to fostering innovation and addressing challenges within the blockchain industry.

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