Binance Futures to limit leverage to 20x for existing users
New leverage limits on Binance Futures will soon apply to existing users with registered futures accounts of less than 30 days. Binance, the world’s largest cryptocurrency exchange, continues adopting new leverage trading restrictions on its futures platform in a move to expand consumer protection.After introducing a 20x leverage limit for new users on July 19, Binance Futures is preparing to apply the same limit for existing users soon, Binance CEO Changpeng Zhao announced Sunday.“We didn't want to make this a thingy,” the CEO said, noting that the new restrictions will be applied “over the next few weeks.”
futures started limiting new users to max 20x leverage last Monday, Jul 19th, 7 days ago.
Coin Telegraph - 26th Jul 08:07