Binance to adjust collateral ratios for 7 assets on October 23
- —Affected assets are POL, SHIB, XLM, COW, NEXO, RVN and SAND
- —Changes cover cross margin borrowing, transfers and unified account ratios
- —The update starts October 23 at 06:00 UTC and takes about 30 minutes
- —Binance made a similar adjustment in September for BCH, ENA and seven others
Why it matters: The new ratios change borrowing and withdrawal limits against these tokens as collateral, potentially squeezing leveraged positions.
Source: TokenPost