Binance announced collateral cuts at Cross Margin
CEO Changpeng Zhao on his twitter account, posted a message about what will be the new enhancements to risk management systems.
He also wrote about the reduction of the ability to use low liquidity assets as collateral.
The recent announcement on Cross Margin collateral cuts on January 12 of this year will be available on the Binance blog.
According to the announcement, "Binance Margin will determine each user's maximum loan amount and maximum transfer amount in Cross Margin based on their collateral value."
Thanks for reading, have an exciting and productive day.
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