Binance will adjust the leverage, maintenance margin tiers, and funding fee settlement frequency for the REEFUSDT perpetual contract

ChainCatcher news, according to the official announcement, Binance Futures will update the leverage and margin tiers for the REEFUSDT U-margined perpetual contract on October 16, 2024, at 14:30 (UTC+8). Existing positions before the update will be affected, and users are advised to refer to the updated leverage and margin tiers to avoid forced liquidation. The specific adjustments are shown in the image.

In addition, Binance Futures will adjust the funding rate settlement frequency for the REEFUSDT U-margined perpetual contract on October 16, 2024, at 14:30 (UTC+8). The funding rate settlement frequency will be changed from once every eight hours to once every four hours.