Binance has announced that it is updating the leverage and margin tiers of USD-Margined perpetual contracts for NEIRO, POPCAT, and 9 others.
On Monday, Binance issued a significant update regarding 11 coins, including NEIRO, POPCAT, EIGEN, CFX, DYDX, MEW, CATI, 1MBABYDOGE, ZK, BNX, and UNFI.
The crypto exchange announced changes to the leverage and margin tiers for USD-Margined perpetual contracts involving these assets, attracting global investor attention.
Binance Updates Perpetual Contracts for NEIRO, POPCAT, EIGEN, and More
In an official statement released on October 14, Binance’s futures trading division disclosed updates to the leverage and margin tiers for NEIROUSDT, POPCATUSDT, EIGENUSDT, CFXUSDT, DYDXUSDT, MEWUSDT, CATIUSDT, 1MBABYDOGEUSDT, ZKUSDT, BNXUSDT, and UNFIUSDT USD-Margined perpetual contracts.
NEIROUSDT on Binance
Users can now trade NEIROUSDT with 51-75x leverage if their holdings are within the range of ‘0 < Position ≤ 20,000,’ with a maintenance margin rate of 1%. Additionally, traders can apply 26-50x leverage if their holdings fall between ‘20,000 < Position ≤ 160,000,’ with a 1.5% maintenance margin rate. More details are provided in the announcement.
POPCATUSDT
For POPCATUSDT, users can now access 51-75x leverage if their holdings are between ‘0 < Position ≤ 10,000,’ with a 1% maintenance margin rate. If holdings are between ‘10,000 < Position ≤ 60,000,’ users can leverage 26-50x, with a 1.5% margin rate.
EIGENUSDT
EIGENUSDT holders can trade with 51-75x leverage for positions between ‘0 < Position ≤ 10,000,’ with a maintenance margin rate of 1%. For holdings between ‘10,000 < Position ≤ 60,000,’ users can utilize 26-50x leverage with a 1.5% margin rate.
CFXUSDT
The updated leverage for CFXUSDT allows users to trade with 51-75x leverage for holdings between ‘0 < Position ≤ 10,000,’ with a 1% maintenance margin rate. Traders with holdings between ‘10,000 < Position ≤ 60,000’ can use 21-25x leverage with a 1.5% margin rate.
DYDXUSDT
Users can trade DYDXUSDT with 51-75x leverage if their holdings are within ‘0 < Position ≤ 10,000,’ with a 1% maintenance margin rate. Holdings between ‘10,000 < Position ≤ 40,000’ qualify for 26-50x leverage with a 1.5% margin rate.
MEWUSDT on Binance
MEWUSDT holders can now trade with 51-75x leverage for holdings between ‘0 < Position ≤ 10,000,’ with a maintenance margin rate of 1%. For holdings between ‘10,000 < Position ≤ 30,000,’ users can leverage 26-50x, with a 1.5% maintenance margin rate.
CATIUSDT
For CATIUSDT, Binance users can enjoy 51-75x leverage with holdings between ‘0 < Position ≤ 10,000,’ with a 1% margin rate. Positions between ‘10,000 < Position ≤ 30,000’ can utilize 26-50x leverage with a 1.5% maintenance margin rate.
1MBABYDOGEUSDT
The update allows 1MBABYDOGEUSDT holders to trade with 1-75x leverage if their holdings fall within ‘0 < Position ≤ 10,000,’ with a 1% margin rate. Further details are available in Binance’s official release.
ZKUSDT
ZKUSDT trading is now available with 51-75x leverage for holdings between ‘0 < Position ≤ 10,000,’ with a maintenance margin rate of 1%.
BNXUSDT
BNXUSDT can now be traded with 51-75x leverage if holdings are between ‘0 < Position ≤ 10,000,’ with a 1% margin rate.
UNFIUSDT
Lastly, UNFIUSDT will offer 11x leverage for holdings between ‘0 < Position ≤ 25,000,’ with a maintenance margin rate of 2.5%.
