Binance Futures adjusts the leverage and margin tiers for multiple USDT-margined and coin-margined perpetual contracts, including boosting the TRUMP contract from 25x to 50x.
In a recent notice, Binance Futures announced that it will be adjusting the margin tiers and leverages for a number of its USDT (USDT)-margined and coin-margined perpetual contract, specifically for TRUMPUSDT, LITUSDT, DOGSUSDT and NEIROETHUSDT. The adjustments will come into effect starting from Jan. 22, 2025 at 16:00 ET. However, the exchange guaranteed that user’s current positions will not be affected by the change.
The TRUMP (TRUMP) perpetual contract was previously launched on Jan. 18 at 13:00 UTC with a maximum leverage of up to 25x for traders. With the new adjustments, Binance is offering traders a maximum leverage of up to 50x, double its previous rate. However, Binance has also lowered its margin rate from 2.00% to 1.00% and trimming all other margin rates above it by at least 50% or more.
Margin rates affect users based on their current positions. Therefore, a user with a position from zero to 5,000 would be trading with a 1.00% margin instead of 2.00%. Whereas, users in higher position, from 1.5 million to 3 million, previously trading under the 50% margin will now trade under a 12.50% margin.
According to crypto.news data, the official Trump meme coin has gone up by more than 5% in the past 24 hours. TRUMP is currently trading hands at $41.68.
Unlike TRUMPUSDT, the maximum leverage for USDT-based perpetual contract for the Litentry token has been cut from 25x to 10x.
Most of the margin rate for LITUSDT remains unchanged, except for the positions within the 25.00% margin rate. The 25.00% margin rate used to apply to users in position up to 550,000. Now it has been lowered to the 520,000 position. Therefore, users in a higher position than 520,000 but under or equal to 550,000 fall under the 50.00% margin rate.
The USDT-based perpetual contract for First Neiro on Ethereum also went through a maximum leverage adjustment. Binance Futures has trimmed its leverage from 25x to 15x.
While most of the margin rates for NEIROETHUSDT remain the same, 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. Instead, Binance has added a margin rate of 50.00% for positions ranging from above 700,000 up to 1 million.
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.
The same can be said about the coin-margined DOGSUSD, which appear 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.
