Users of Binance's margin products will see Filecoin (FIL) and Hedera (HBAR) count for more collateral from Nov. 13, as the exchange also changes Portfolio Margin Pro's tiered rates.
The planned revisions set each asset's ratio at 60%, compared with 50% now, in both Cross Margin and Portfolio Margin. The Cross Margin change affects only the amount users can borrow or transfer out.
In Portfolio Margin Pro, the new rates are 100% for collateral valued up to $800,000, 95% from $800,000 to $1.2 million, 75% from $1.2 million to $2 million, and 50% above $2 million.
Binance said collateral ratios and leverage affect the unified maintenance margin ratio (uniMMR) in Portfolio Margin and advised users to monitor it. It warned that changes may lead to liquidation or losses.
The change is slated for 1 a.m. ET (06:00 UTC) Friday, Nov. 13. Binance expects completion within roughly half an hour.
