Binance Introduces New Collateral Ratios for 10 Cryptocurrencies, Impacting Borrowing Ability

Binance has announced a change in collateral ratios for 10 cryptocurrencies, including DENT, ENJ, and AXS, which will impact how much traders can borrow against these assets. The adjustment, set to take effect on April 18, could lead to portfolio adjustments as traders may need to sell some or shift their holdings to avoid potential losses. Binance has recommended that users monitor their uniMMR carefully and reassess their trading position. The exchange has also announced plans to list new tokens, offering fresh opportunities for traders seeking to diversify their portfolios.