Binance has announced adjustments to the collateral ratios of several assets under its Portfolio Margin mode, set to take effect on March 14, 2025, at 06:00 (UTC).
The update, expected to be completed within approximately one hour, will see the collateral ratio for CELO and IOTX reduced from 80% to 70%, while LRC and ALICE will drop from 80% to 65%. Additionally, AUDIO and ICX will decrease their collateral ratios from 70% to 55%.
The platform urged users to closely monitor their Unified Maintenance Margin Ratio (uniMMR) to prevent potential liquidation or losses resulting from the changes. They also advised users to refer to the original English version of the announcement for the most accurate information, as translated versions may contain discrepancies.
In a separate development, Binance, after identifying market irregularities, has taken action against a market maker linked to GoPlus Security (GPS) and MyShell (SHELL) tokens. After investigating, they found that the market maker engaged in misconduct and responded by offboarding the entity and banning any further market-making activities on the platform.
The exchange has confiscated proceeds from a market maker and plans to compensate affected users of GPS and SHELL, with a detailed compensation plan to be announced later. They emphasized the importance of fair trading practices, reminding market makers to follow key principles such as placing both bid and ask orders, maintaining adequate order sizes, ensuring stable spreads, and avoiding disruptive high-frequency trading. Binance warned that violations of these principles could lead to enforcement actions to protect users and enhance transparency in the crypto ecosystem.
Notably, Binance has introduced a new Multi-Leg functionality to its Options RFQ (Request for Quotes) platform to enhance trading efficiency. The feature allows users to combine multiple legs into a single order, reducing execution risks and optimizing pricing. This development is part of Binance’s ongoing efforts to improve trading flexibility and provide a seamless user experience.
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