Introduction
On September 19, 2025, Binance announced significant updates to the collateral ratio under the Portfolio Margin system along with adjustments to the leverage and margin tiers for various USDⓈ-M perpetual contracts.
As a user of Binance or an interested investor in digital assets, these changes are crucial and could significantly impact your trading strategy. Understanding these updates is vital for positioning yourself appropriately in the ever-changing landscape of cryptocurrency trading.
Collateral Ratio Adjustments
Binance will implement updates to the collateral ratios for select assets based on the Portfolio Margin system. These changes are scheduled to occur on September 23 and September 26, 2025. Here’s a breakdown of the updates:
September 23, 2025: Changes
| Assets (Portfolio Margin) | Collateral Ratio (Before) | Collateral Ratio (After) |
|——————————-|——————————|——————————|
| PUMP | 10% | 30% |
| LINEA | 10% | 30% |
| KMNO | 10% | 20% |
PM Pro Adjustments
| Asset (PM Pro) | Floor (USD) | Cap (USD) | Collateral Ratio (Before) | Collateral Ratio (After) |
|———————|——————|——————|——————————-|——————————-|
| TRX | 200,000 | 800,000 | 100% | 100% |
| PUMP | 100,000 | 400,000 | 80% | 80% |
| BFUSD | 8,000,000 | 12,000,000 | 97.5% | 97.5% |
September 26, 2025: Changes
| Assets (Portfolio Margin) | Collateral Ratio (Before) | Collateral Ratio (After) |
|——————————-|——————————|——————————|
| RVN | 45% | 25% |
| BAT | 40% | 25% |
| AUDIO | 40% | 25% |
| KNC | 35% | 20% |
Leverage and Margin Tiers Update
In addition to collateral ratios, Binance will also update leverage and margin tiers for several USDⓈ-M perpetual contracts starting September 20, 2025. It’s essential to note that existing positions will be affected and users should prepare accordingly. Here are the updates:
ETHFIUSDT, ATHUSDT, EIGENUSDT, KAITOUSDT and SANDUSDT
| Previous Leverage | Position Before Change | Maintenance Margin Rate Before Change | New Leverage | Position After Change | Maintenance Margin Rate After Change |
|————————|—————————|——————————————–|—————–|————————–|——————————————-|
| 51 – 75x | 0 < Position ≤ 5,000 | 1.00% | 51 – 75x | 0 < Position ≤ 5,000 | 1.00% |
| 26 – 50x | 5,000 < Position ≤ 10,000 | 1.50% | 26 – 50x | 5,000 < Position ≤ 10,000| 1.50% |
Impact on Trading Strategy
Changes to collateral ratios and leverage can have substantial implications for traders. Higher collateral ratios may require more capital, whereas changes in leverage can impact the overall risk profile of a trader’s positions. Existing positions will directly feel the impact of these adjustments, and traders should take this into account in their risk management strategies.
Final Thoughts
As Binance implements these updates, traders should closely monitor their positions and the overall market environment. Adjustments in leverage and collateral ratios are essential to consider for effective risk management and to avoid liquidation during volatile market movements.
Staying informed and adapting your trading strategy will be critical in maintaining an effective approach in cryptocurrency trading.