The post Terra Classic (LUNC) Price Surges as Binance Unveils Margin and Leverage Adjustments appeared first on Coinpedia Fintech News
In a significant announcement, Binance, the world’s largest cryptocurrency exchange, has disclosed upcoming adjustments in margin requirements and leverage tiers. The move has triggered a 5% increase in LUNC, leaving traders and investors eager to understand the implications of these modifications on their strategies and positions.
Understanding Maintenance Margin
The maintenance margin is the total amount of cryptocurrency that must be maintained in a deposit account to support a trading or investing position. It acts as a safety net to prevent liquidation and additional fees.
Binance Futures is set to modify the leverage, margin tiers, and capped funding rate for numerous perpetual contracts, as confirmed in their release on November 6. Traders should be aware that positions executed before these changes will be affected. Binance strongly advises m
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