To encourage responsible trading, Bingbon will be gradually deleveraging all contract products from 17:00 (UTC+8) on July 28, 2021. The adjustment details are as follows:
Standard Contract: The leverage of all trading pairs shall be gradually reduced to 20X (including 20X), and for some non-professional users, the leverage shall be reduced below 5X (including 5X).
Perpetual Swap: All trading pairs’ leverage will be gradually reduced to 5X (including 5X).
Due to the large volatility of the market, we will gradually slash leverage limits in the coming weeks to reduce trading risk brought by leverage. This initiative is part of our aim to promote more responsible and secure trading for all users.
For more details, please click on the latest announcement.
Until then, we hope you enjoy your trading experience on Bingbon.