Binance Raises FIL and HBAR Collateral Ratio to 60%

TechFlow reported on November 10 that, according to an official Binance announcement, Binance will raise the cross margin loan and transfer-out collateral ratio and the Portfolio Margin collateral ratio for FIL and HBAR from 50% to 60% starting November 13 at 14:00 Beijing Time. The update is expected to take approximately 30 minutes.

The tiered collateral ratios for FIL and HBAR under Portfolio Margin Pro will also be adjusted: 100% for asset value up to USD 800,000, 95% for the portion between USD 800,000 and USD 1,200,000, 75% for the portion between USD 1,200,000 and USD 2,000,000, and 50% for the portion above USD 2,000,000.

Binance stated that the adjustment to the cross margin loan and transfer-out collateral ratio only affects the amount that can be borrowed or transferred out under cross margin; changes to collateral ratios and leverage affect the unified maintenance margin ratio of Portfolio Margin.

Source: TechFlow