TL;DR
Binance is raising collateral ratios for some popular altcoins, with changes taking effect on November 1.
Users are advised to monitor their margin levels to prevent potential liquidations due to these adjustments.
The Affected Assets
The world’s biggest crypto exchange will update the collateral ratio for seven altcoins listed on its platform. Those include the popular meme coins Neiro (NEIRO) and Turbo (TURBO), as well as Sui (SUI), Toncoin (TON), Eigenlayer (EIGEN), Eurite (EURI), and Scroll (SCR).
The collateral ratio shows the amount of assets needed to back a loan or maintain an open position. It is typically displayed as a percentage, reflecting the value of the collateral compared to the borrowed funds. A higher ratio increases the likelihood that the lender can recover their funds, even if the market declines.
Six of the seven involved assets saw an increase of 10%. For example, NEIRO’s ratio was raised from 30% to 40%, whereas TURBO’s was lifted from 10% to 20%.
We współpracy z: https://cryptopotato.com/important-binance-update-concerning-numerous-altcoin-traders-details/
