TechFlow news, on October 16, according to an official announcement, Binance Futures will update the leverage and margin ladder for the REEFUSDT USDT-margined perpetual contract at 14:30 (UTC+8) on October 16, 2024. Existing positions held by users prior to the update will be affected. Users are advised to refer to the updated leverage and margin ladder to avoid forced liquidations.
In addition, Binance Futures will adjust the funding rate settlement frequency for the REEFUSDT USDT-margined perpetual contract at 14:30 (UTC+8) on October 16, 2024. The funding rate settlement frequency will change from every eight hours to every four hours.
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