Welcome! This is a general announcement aimed at providing critical information to our esteemed customers. Please, kindly note that the products and services which will be mentioned in the subsequent sections may not be accessible in all regions for reasons beyond our control. Insight will be given on our recent upgrades, along with details on how our clients can take advantage of these changes. Therefore, it is essential to read through carefully.
Addressing All Binancians,
The highlight of the day, Binance Margin is thrilled to unveil some enhancements in our features and services. Taking into account the needs of our clientele, we have taken it upon ourselves to increase the maximum leverage on Cross Margin to an unprecedented rate of 5x.
What does this mean?
The increased leverage allows for amplified capital efficiency and offers greater flexibility for our clients. It implies they can now conduct larger Cross Margin loans with the same measure of collateral assets.
Why is this important?
It is highly beneficial for clients who deal on large scales and who aim to maximize their capital. They get to conduct more considerable transactions without having to augment their collateral assets.
Please be aware that this maximum leverage update primarily affects newly registered Cross Margin accounts. The maximum leverage for these new accounts will be defaulted to 5x automatically, and clients have the freedom to alter the leverage to 3x or 5x manually. This provision is depicted in the screenshot presented below.
- Borrowing Limit: The upper limit for cross margin borrowing is directly proportional to the leverage selected by the clients.
- Recommendation: Clients are advised to keep their Margin Levels at a minimum of 1.1 to avert potential liquidation. This careful management of margin balance aids in ensuring solvency and risk management.
While the enhanced leverage presents increased opportunities, it also comes with its challenges. Greater leverage can consequently lead to more considerable losses if not adequately managed. Therefore, we urge our clients to exercise caution and responsible trading.
In our continuous efforts to provide the best services in the digital currency market, Binance Margin assures clients of more innovative services and strategic upgrades in the future. We appreciate your trust and patronage.
