Summary
- Binance announced that it will lower the maximum leverage for Orca(ORCA) perpetual futures contracts from 75x to 25x.
- This adjustment will take effect from 17:15 (local time) on the 21st.
- ORCA has significantly increased its volatility since its recent listing on the domestic exchange Upbit.
Global cryptocurrency exchange Binance announced that it will adjust the leverage for Orca(ORCA) futures contracts.
On the 21st, Binance stated through its official channel, "We will change the leverage and margin tiers for ORCAUSDT futures contracts effective at 17:15 (local time) today."
With this adjustment, the maximum leverage for ORCAUSDT perpetual futures contracts will be reduced from 75x to 25x.
Meanwhile, ORCA has been increasing its volatility since being listed on the domestic cryptocurrency exchange Upbit. According to the global cryptocurrency market tracking site CoinMarketCap, the ORCA price rose 165% compared to the previous day.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
