Binance and Coinbase Cut Collateral Value of Several Tokens
- —Binance cut the ratio for six tokens from 30% to 10% on September 18
- —ARB, TAO, and WLD were raised from 50% to 60% in the same update
- —Coinbase will exclude 29 assets from collateral starting September 29
- —Binance also removed five cross-margin pairs, including ENJ/USDC
Why it matters: Lower collateral value reduces available leverage and traders' margin buffers regardless of token prices, which could trigger forced liquidations.
Source: CryptoSlate