Binance Slashes Collateral Ratios Again—Can Your Altcoins Survive the Chop?

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Alright, listen up—Binance is messing with the collateral ratios on your precious altcoins. You know, just when you thought you understood how things work, they come in like, “Eh, let’s reduce the ratios.” I mean, what is this, an airline shrinking the seats each year? Unbelievable! 💁‍♂️

Key Changes in Collateral Ratios:

Asset Old Ratio New Ratio
CAKE 80% 75%
IOTA 70% 60%
AXS 70% 60%
MASK 60% 50%
CHZ 65% 50%
BAT 65% 50%
GTC 50% 40%
PORTAL 50% 35%
ZEC 30% 20%
MOVE 20% 10%
BSW 20% 10%

Important Notes:

  • Pretty simple, yet painful: your altcoins now offer you as much help as a raincoat in a hurricane. 🚤

  • “Lower collateral ratio”? That’s financial code for “your assets do even less now, congrats!”

  • Binance wants you to readjust…which is code for, “Hurry up and fix this before you wish you’d just bought Bitcoin and called it a day.”

If something goes sideways, don’t come crying to me. Blame “risk management.” And for the love of all that’s holy in crypto, double-check the official English announcement—unless you enjoy surprises more than Larry David enjoys an empty beach. 🤦‍♂️

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2025-05-11 12:27