Binance doubles leverage for TRUMP USDT-based contract

Binance Futures is adjusting leverage and margin levels for several USDT and coin margined perpetual contracts, including increasing the TRUMP contract from 25x to 50x.

In a recent noticeBinance Futures announced that it would adjust the margin levels and leverages for a number of its USDTs (USDT)-perpetual contract with margin and coin, especially for TRUMPUSDT, LITUSDT, DOGSUSDT and NEIROETHUSDT. The adjustments will take effect from January 22, 2025 at 4:00 p.m. ET. However, the exchange ensures that users’ current positions will not be affected by the change.

THE ASSET (ASSET) The perpetual contract had already been launched on January 18 at 1:00 p.m. UTC with a maximum leverage of up to 25x for traders. With the new adjustments, Binance offers traders maximum leverage of up to 50x, double its previous rate. However, Binance also lowered its margin rate from 2.00% to 1.00% and reduced all other higher margin rates by at least 50% or more.

Margin rates affect users based on their current positions. Therefore, a user with a position between zero and 5,000 would trade with a margin of 1.00% instead of 2.00%. While users in higher positions, 1.5 million to 3 million, who were previously trading under the 50% margin, are now trading under 12.50% margin.

According to crypto.news datathe official Trump meme has increased by more than 5% in the last 24 hours. TRUMP is currently trading at $41.68.

Unlike TRUMPUSDT, the maximum leverage for the USDT-based perpetual contract for the Litentry token has been reduced from 25x to 10x.

Most of the LITUSDT margin rate remains unchanged, except for positions within the 25.00% margin rate. The 25.00% margin rate previously applied to users in position up to 550,000. It has now been lowered to 520,000. Therefore, users in position above 520,000 but less than or equal to 550 000 falls below the margin rate of 50.00%.

The USDT-based perpetual contract for First Neiro on Ethereum has also undergone a maximum leverage adjustment. Binance Futures reduced its leverage from 25x to 15x.

Although most margin rates for NEIROETHUSDT remain the same, the 25.00% margin rate now applies to users in the 500,000 to 700,000 position range instead of the 1 million position. Instead, Binance added a 50.00% margin rate for positions ranging from over 700,000 to 1 million.

For the WLD perpetual contract, the WLDUSD maximum leverage has been halved from 20x to 10x. Despite this, margin rates for WLDUSD positions remain unchanged. However, the maximum position for the 50.00% margin rate has fallen from 1 million to just 600,000.

The same can be said about coin-margined DOGSUSD, which appears to have retained its initial leverage and maximum margin rate. The only adjustment to DOGSUSD is that the maximum user position for the 50.00% margin rate is lowered from 3 billion to 2 billion.