Binance Makes Key Announcement On PEPE, BONK & 6 Other Crypto

Binance Updates Collateral Ratio for Enhanced Trading Experience

Binance, the leading cryptocurrency exchange by trading volume, has implemented updates to the collateral ratio of various crypto assets to optimize the trading experience for users.

Revised Collateral Ratios

Effective July 30, 2024, at 06:00 UTC, Binance has announced the following collateral ratio adjustments:

• PEPE: Increased from 60% to 75%
• BONK: Increased from 40% to 75%
• NEAR: Increased to 75%
• BANANA: Increased to 50%
• BB: Increased to 50%
• ZRO: Increased to 50%
• IO: Increased to 50%

Under-Collateralization Mitigation

Proper collateralization is crucial to avoid the risk of liquidation. By increasing the collateral ratios, Binance aims to mitigate under-collateralization and enhance the safety of trading and borrowing operations.

Impact on Users

The updated collateral ratios will impact the way users trade and borrow assets under Binance's portfolio margin system. These changes may influence the minimum collateral requirements and the availability of borrowing options for the affected crypto assets.

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