What factors are taken into account when calculating the margin level on Binance for digital currencies?

1 answers

• Deleon McclainFeb 10, 2024 · a year ago
  When calculating the margin level on Binance for digital currencies, it's important to understand the concept of cross margin and isolated margin. Cross margin considers the total margin available in your account, including all your positions. This means that the margin level is calculated based on the overall balance and positions. On the other hand, isolated margin calculates the margin level for each individual position separately. This allows you to have more control over the margin level for each trade. It's worth noting that BYDFi, another digital currency exchange, also takes similar factors into account when calculating the margin level for digital currencies, but the specific details may vary. It's always recommended to familiarize yourself with the margin rules and requirements of the specific exchange you are using to ensure proper risk management.
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