Binance Announces Key Updates to Futures Trading for SHIB, ADA, FLOKI, and HBAR
Highlights:
- Binance Futures unveils major changes to leverage and margin tiers for Shiba Inu (SHIB), Cardano (ADA), FLOKI, Hedera (HBAR), and other assets.
- Adjustments aim to enhance trading flexibility and support diverse trading strategies.
- SHIB, ADA, HBAR, and FLOKI prices continue to rally following the announcement.
Binance Futures has introduced significant updates for several popular USD-M perpetual contracts, including Shiba Inu (SHIB), Cardano (ADA), FLOKI, and Hedera (HBAR). The changes include revised leverage and margin tiers, designed to offer greater trading flexibility and accommodate various trading strategies. The update also impacts additional assets like BONK, PNUT, ACT, RENDER, HIPPO, GRASS, and REN.
Key Contract Updates
On November 19, Binance announced leverage and margin adjustments for several trading pairs, including SHIB/USDT, ADA/USDT, FLOKI/USDT, and HBAR/USDT. These updates aim to stabilize the market by recalibrating leverage options across different position sizes, benefiting both small and large traders.
For example, ADA/USDT contracts will now maintain a leverage of 51-75x for positions under $10,000, with a 0.50% maintenance margin rate. Larger positions between $10,000 and $50,000 will see leverage reduced to 26-40x, though the margin rate remains at 1.00%. Similar adjustments have been made for SHIB/USDT and other contracts, ensuring a balanced risk environment.
Binance emphasized that existing positions opened before the update remain unaffected, allowing traders to continue with their prior configurations seamlessly.
Crypto Market Reactions
The announcement has positively impacted the prices of the featured tokens:
- SHIB: Trading at $0.00002551, up 4% in the last 24 hours, with a daily range of $0.00002415 to $0.00002562.
- ADA: Currently at $0.74, up 3%, extending its weekly rally to an impressive 30%.
- HBAR: Surged 160% this week to $0.14, including a 25% jump in the last 24 hours. Trading volume spiked by 125% amid speculation about HBAR Foundation board member Brian Brooks being considered for the US SEC Chair position.
- FLOKI: Up 1% to $0.0002532, despite a 38% dip in trading volume. The FLOKI team recently launched a major marketing campaign in India, coinciding with its Coinbase listing.
Looking Ahead
Binance’s updates to futures trading contracts aim to improve market stability while enabling traders to manage their positions more effectively. As SHIB, ADA, FLOKI, and HBAR continue their rallies, these changes could further strengthen investor confidence and drive trading activity across the board.
