Behold, dear sirs and madams, the latest whimsical decree from the digital alchemists at Binance Futures! They have decided, in their infinite wisdom, to adjust the leverage and margin tiers for several USDT-margined and coin-margined perpetual contracts. Yes, you heard it right, the TRUMP contract, that digital bauble, shall now be available at a whopping 50x leverage! 🎉
In a recent announcement, our illustrious exchange has seen fit to tweak the margin tiers and leverages for the TRUMPUSDT, LITUSDT, DOGSUSDT, and NEIROETHUSDT contracts. Starting from the mystical date of Jan. 22, 2025, at 16:00 ET, these changes shall take effect. Fear not, for your current positions shall remain untouched by this arcane magic. 🧙♂️
For those who are not yet acquainted with the TRUMP perpetual contract, it was conjured into existence on Jan. 18 at 13:00 UTC, with a mere 25x leverage. Now, behold, it has been doubled to 50x! But, lo and behold, the margin rate has been halved from 2.00% to a mere 1.00%, and all other margin rates have been trimmed by at least 50%. A true feast for the eyes and the wallets! 📊
Margin rates, you ask? They affect users based on their current positions, much like how a sorcerer’s power is determined by their experience. A user with a position from zero to 5,000 shall now trade with a 1.00% margin instead of the previous 2.00%. Meanwhile, those in higher positions, from 1.5 million to 3 million, shall now trade under a 12.50% margin, down from 50%. 🤑
According to crypto.news, the official Trump meme coin has risen by more than 5% in the past 24 hours. TRUMP is currently trading at $41.68, a true testament to its enduring popularity. 🤖
Unlike TRUMPUSDT, the Litentry token’s USDT-based perpetual contract has been cursed with a leverage reduction from 25x to a mere 10x. Most margin rates remain unchanged, save for the position up to 550,000, which has been lowered to 520,000. Thus, users in a higher position than 520,000 but under or equal to 550,000 now fall under the 50.00% margin rate. A true game of chance! 🎲
The USDT-based perpetual contract for First Neiro on Ethereum also underwent a maximum leverage adjustment. Binance Futures has trimmed its leverage from 25x to 15x. Most margin rates remain the same, except the 25.00% margin rate now applies to users on the position range of 500,000 up to 700,000 instead of the 1 million position. Binance has added a margin rate of 50.00% for positions ranging from above 700,000 up to 1 million. A true labyrinth of numbers! 🧮
For the WLD perpetual contract, the maximum leverage for WLDUSD has been cut by half, from 20x to 10x. Despite this, the margin rates for WLDUSD positions remain unchanged. However, the maximum position for the 50.00% margin rate has been changed from 1 million to just 600,000. A true test of patience! ⏳
The same can be said about the coin-margined DOGSUSD, which appears to have kept its initial maximum leverage and margin rate. The only adjustment made to DOGSUSD is the maximum user position for the 50.00% margin rate being lowered from 3 billion to 2 billion. A true spectacle of numbers! 🎭
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2025-01-22 14:57