Binance Reveals Crucial Update On These 4 Crypto, Here’s All

Cryptocurrency exchange Binance has once again captured noteworthy market attention with its latest announcement on Tuesday. Notably, the crypto exchange giant revealed that it is updating the leverage and margin tiers of four specific crypto trading pairs. These tokens are NEO, RARE, DIA, and RLC.

Let’s dig deeper into the updated trade offerings unveiled for users.

Binance Modifys Trade Offerings For These 4 Crypto

In an official Binance release dated February 25, the crypto exchange revealed that it will update the leverage and margin tiers for the abovementioned tokens’ USD-Margined perpetual contract starting today at 14:00 UTC.

Here Are The Specific Crypto Trading Pairs

• NEOUSDT
• RAREUSDT
• DIAUSDT
• RLCUSDT

What’s More For Traders?

Further, Binance clarified that existing positions that were opened before the update will also be impacted. “Futures running grid might expire due to updates on the leverage and margin tiers, users are advised to adjust accordingly before the change,” the leading crypto exchange notified.

Users can move on to the official announcement for further details on the updated leverage and margin tiers. Meanwhile, the underlying motive for this measure remains unclarified by the exchange. Traders and investors remain curious about the modified offerings amid a broader crypto market slump.

How Are The Coins Performing?

As of press time, NEO price crashed 10% in line with the broader crypto market trend, closing in at $9.07. Its intraday low and high were $8.94 and $10.15, respectively.

Simultaneously, RARE price tanked over 13% in the past 24 hours, exchanging hands at $0.05768. The coin hit a bottom and peak of $0.05626 and $0.06794 in the past 24 hours.

DIA price plunged nearly 12.5% to $0.4415 amid Binance’s modified offerings, mirroring the broader market trend. The coin’s intraday low and peak were $0.4327 and $0.5183, respectively.

Lastly, RLC price witnessed an 8% decline in value, reaching $1.12. The coin’s intraday bottom and high were $1.12 and $1.29, respectively.

Notably, the current slumping action comes as the crypto market faces macroeconomic heat and massive liquidations. In light of this volatility, market sentiments about the tokens remain uncertain despite enhanced trade offerings.

On the other hand, it’s also worth mentioning that Binance has recently expanded support for KAITO, SOL, and ETH coins. Nevertheless, even these coins hovered into the red territory on Tuesday against the backdrop of broader trends.