Leading crypto exchange Binance on Monday issued a crucial update on 11 coins, including NEIRO, POPCAT, EIGEN, CFX, DYDX, MEW, CATI, 1MBABYDOGE, ZK, BNX, and UNF. Notably, the crypto exchange revealed that it is modifying the mentioned coins’ leverage and margin tiers of USD-Margined perpetual contracts, garnering investor attention globally. Here’s a brief report on the announcement, which has promptly echoed a frenzy across the global crypto horizon.
Binance Modifies NEIRO, POPCAT, EIGEN, & Other Perpetual Contracts
Binance revealed in an official announcement on October 14 that the exchange’s futures trading division is updating the leverage and margin tiers of NEIROUSDT, POPCATUSDT, EIGENUSDT, CFXUSDT, DYDXUSDT, MEWUSDT, CATIUSDT, 1MBABYDOGEUSDT, ZKUSDT, BNXUSDT and UNFIUSDT USD-Margined perpetual contracts. The leading crypto exchange‘s new leverage and margin tiers are as follows:
NEIROUSDT On Binance
Users on the platform can enjoy 51-75x leverage futures trading NEIRO after the update, if their holdings are ‘0 < Position ≤ 20,000,’ with a maintenance margin rate of 1%. Further, users can leverage 26-50x given their holdings is ‘20,000 < Position ≤ 160,000,’ with a maintenance margin rate of 1.5%. Additional details, as per the announcement, are listed below.
POPCATUSDT
Simultaneously, platform users can indulge in futures trading POPCAT with 51-75x leverage after the change if their holdings are ‘0 < Position ≤ 10,000,’ with a maintenance margin rate of 1%. Also, users can leverage 26-50x given their holdings is ‘10,000 < Position ≤ 60,000,’ with a maintenance margin rate of 1.5%.
EIGENUSDT
Users can enjoy 51-75x leverage on the asset after the update, given holdings on Binance are ‘0 < Position ≤ 10,000,’ with a maintenance margin rate of 1%. Additionally, users can leverage 26-50x if holdings are ‘10,000 < Position ≤ 60,000,’ with a maintenance margin rate of 1.5%.
CFXUSDT
Meanwhile, the announcement revealed that users can trade the abovementioned asset with 51 – 75x leverage following the update, given holdings are ‘0 < Position ≤ 10,000,’ with a margin maintenance rate of 1%. Simultaneously, users can enjoy 21-25x leverage if their holdings are between ‘10,000 < Position ≤ 60,000,’ with a margin rate of 1.5%.
DYDXUSDT
Platform users can indulge in trading DYDXUSDT with 51 – 75x leverage provided their holdings are ‘0 < Position ≤ 10,000’ with a maintenance margin rate of 1%. Further, users can leverage 26 – 50x trading the asset if the holding is ‘10,000 < Position ≤ 40,000,’ with a maintenance margin rate of 1.5%.
MEWUSDT Announcement On Binance
Simultaneously, users can enjoy 51-75x leverage on the mentioned asset with holdings between ‘0 < Position ≤ 10,000,’ with a maintenance margin rate of 1%. Also, users can leverage 26 – 50x if the holding is between ‘10,000 < Position ≤ 30,000,’ with a maintenance margin rate of 1.5%.
CATIUSDT
Users can indulge in trading CATIUSDT with 51-75x leverage, given the holding is between ‘0 < Position ≤ 10,000,’ with a margin rate of 1%. Further, users can also leverage 26-50x with holdings between ‘10,000 < Position ≤ 30,000,’ with a maintenance margin rate of 1.5%.
1MBABYDOGEUSDT
The announcement also revealed that users can trade 1MBABYDOGEUSDT with 1 – 75x leverage, should their holdings be ‘0 < Position ≤ 10,000,’ with a margin rate of 1%. Further details on the modifications are listed below.
ZKUSDT
ZKUSDT trading is to be available with 51-75x leverage if holdings are ‘0 < Position ≤ 10,000,’ with a maintenance margin rate of 1%. More details, per the Binance’s announcement, are listed below.
BNXUSDT
Users can leverage 51-75x trading the asset after the new update, given their holdings are ‘0 < Position ≤ 10,000,’ with a maintenance margin rate of 1%.
UNFIUSDT
Lastly, UNFIUSDT is available with 11x leverage if holdings are ‘0 < Position ≤ 25,000,’ with a maintenance margin rate of 2.5%.
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