Binance Futures to limit leverage to 20x for existing users
New leverage limits on Binance Futures will soon apply to existing users with registered futures accounts of less than 30 days. Binance, the world’s largest cryptocurrency exchange, continues adopting new leverage trading restrictions on its futures platform in a move to expand consumer protection.After introducing a 20x leverage limit for new users on July 19, Binance Futures is preparing to apply the same limit for existing users soon, Binance CEO Changpeng Zhao announced Sunday.“We didn't want to make this a thingy,” the CEO said, noting that the new restrictions will be applied “over....
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Crypto exchange Binance has announced that the leverage limit has been reduced to 20x from 100x. Also, the platform plans to stop margin trading on EUR, GBP, and AUD. Binance Reduces Maximum Leverage To 20x Binance has announced that it’s cutting the leverage limit that users can use to trade futures contracts from 100 times […]
“All of your margin balance may be liquidated in the event of extreme price movement,” Binance stated. Global cryptocurrency exchange Binance continues restricting support for some of its trading services amid an ongoing regulatory crackdown.Binance officially announced Monday that the exchange would delist margin trading pairs for three fiat currencies, including the Euro (EUR), the Australian dollar (AUD) and the British pound sterling (GBP).According to the announcement, Binance will suspend mentioned fiat trading pairs on Aug. 10 and then switch to automatic settlement and cancel all....
Binance suspended withdrawals for LUNA and UST amid the UST stablecoin losing its peg to the U.S. dollar on Tuesday. Amid collapsing Terra network’s cryptocurrencies Luna (LUNA) and TerraUSD (UST), crypto exchange Binance continues deactivating related trading services.Binance’s derivatives arm Binance Futures has delisted coin-margined LUNA perpetual contracts, the firm officially announced on May 12.“Users are advised to close any open positions prior to the delisting time to avoid automatic settlement,” the statement by the platform reads.Binance Futures has also started conducting....
Most traders think futures contracts are only used to place ultra risky high leverage bets, but the instruments actually have a variety of uses. Whenever there's data out on futures contracts liquidation, many novice investors and analysts instinctively conclude that it's degenerate gamblers using high leverage or other risky instruments. There's no doubt that some derivatives exchanges are known for incentivizing retail trading to use excessive leverage, but that does not account for the entire derivatives market.Recently, concerned investors like Nithin Kamath, the founder and CEO at....
Leading crypto exchange Binance has announced a new withdrawal limit for users that completed the Basic level of their account verification process, part of the Know Your Customer (KYC) policy. The measure is to take effect immediately for new account registrations for their daily withdrawals. The limit has gone from 2 Bitcoin (BTC) to 0.06 […]