Binance adjusts the leverage and margin tiers for STMX U perpetual contracts and the settlement frequency of funding rates

ChainCatcher news, according to the official announcement, Binance updated the leverage and margin tiers for the STMX/USDT U-margined perpetual contract on July 23 at 15:15 (UTC+8). Existing positions held by users before the update will be affected. Users need to adjust their margin according to the updated leverage and margin tiers to avoid forced liquidation.

According to Binance market data, the price of STMX experienced significant volatility today, dropping 30% in half an hour and approximately 45% from today's high.

Additionally, community feedback indicates that due to Binance's trading rules, some users were unable to close their contract positions at market price during the price fluctuations of STMX. (source link)