Binance Updates Collateral Ratios for 10 Crypto Tokens
- Binance announced a reduction in collateral ratios for DENT, ENJ, NOT, DASH, CHZ, AXS, ENS, SAND, THETA, and QNT.
- The new ratios will be visible on April 18 at 06:00 UTC.
- This change affects the Unified Maintenance Margin Ratio (uniMMR), impacting borrowing power and trade positions.
- DENT increased by 3% to $0.0006567; ENJ rose over 2% to $0.06690; DASH climbed nearly 2% to $20.69.
- CHZ, AXS, and THETA experienced declines amid cautious market sentiment.
Binance’s update on collateral ratios is set to reduce borrowing power for several crypto tokens starting April 18. Despite this adjustment, many tokens like DENT and ENJ saw price increases while others like CHZ faced declines.
Source (2.6)https://coingape.com/binance-issues-important-update-on-10-crypto-heres-all/?rand=24432
