Changes to default initial and maintenance margins for 14 contracts

The default initial margin and default maintenance margin requirements will be updated for 14 contracts on March 14, 2024 at 04:00 UTC.

These changes apply to new positions, new orders, and changes to leverage or risk limits applied to existing positions or existing orders. You can check the current margin requirements for our products. here.

Below you can see the affected contracts and the new default maintenance margin and default initial margin requirements.

the impact of these changes on affected contracts;

Under all risk limits (for all contracts above except XBTUSD):

• Because initial margin requirements are reduced bankruptcy price It gets closer to the average entry price and the maximum leverage available increases.
• Maintenance margin requirements are reduced, so the liquidation price is closer to the bankruptcy price and the amount of maintenance margin lost in liquidation is also reduced.
• As the difference between initial and maintenance margins decreases, the liquidation price becomes closer to the average entry price.

Under all risk limits (for XBTUSD):

• Initial margin requirements remain the same, so bankruptcy price It does not move based on the average entry price and the maximum leverage available remains the same.
• Maintenance margin requirements increase, which moves the liquidation price further away from the bankruptcy price and increases the amount of maintenance margin lost on liquidation.
• As the difference between initial and maintenance margins decreases, the liquidation price becomes closer to the average entry price.

We have implemented these changes to help users transact more safely on our platform. This means we have reduced the likelihood of liquidation of contracts with indices referencing low volume spot markets.

In the meantime, if you have any questions, please contact us. apply.

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