Binance will adjust the leverage, margin tiers, and funding rate cap for the IMXUSDT U-based perpetual contract

ChainCatcher news, according to the official announcement, Binance will update the leverage and margin tiers for the IMXUSDT U perpetual contract on September 21, 2023, at 14:00 Beijing time. Users' current positions will be affected, and users are advised to adjust their margins according to the updated leverage and margin tiers to avoid forced liquidation. The funding fee rate cap multiplier for the IMXUSDT U contract has been raised from 0.75 to 1.