Binance announced that Binance Futures updated leverage and margin tiers for select USDⓈ-M Perpetual Contracts on September 15, 2025. The changes, which affected existing positions, took about one hour per contract.
According to Binance’s official announcement, the update covers USDⓈ-M Perpetual Contracts such as HIVEUSDT, POWRUSDT, SIRENUSDT, BNTUSDT, SQDUSDT, SKYAIUSDT, and MYXUSDT. Existing positions opened before the update will be affected, meaning traders may need to adjust their leverage or margin usage to avoid unexpected risks or liquidations. Binance also warned that “futures running grid” strategies might expire because of the changes, advising users to take action before the changes go live.
One concrete change in the update for the HIVEUSDT, POWRUSDT, SIRENUSDT, BNTUSDT, SQDUSDT, and SKYAIUSDT contracts is that positions up to 5,000 USDT notional previously had 26-50x leverage with a maintenance margin rate of 1.50%; after the change, those same positions will have 21-50x leverage but maintain the 1.50% maintenance margin rate. For the tier below (5,000 < Position ≤ 10,000 USDT), the previous leverage band of 21-25x becomes NA, meaning that tier is removed — and adjacent tiers shift accordingly. Larger positions (for example, those in the 10,000-25,000 USDT window) see their leverage band adjusted from 11-20x to still 11-20x but covering a narrower notional range (earlier it was 10,000-25,000; now it's 5,000-10,000 for that band) with the same maintenance margin rate.
The MYXUSDT contract undergoes multiple staged changes. On September 15th its high-leverage band (26-50x) for positions between zero and 4,000 USDT becomes limited to zero to 1,000 USDT while maintaining the 1.50% margin rate. Subsequent tiers see analogous shifts: the 21-25x band (4,000-6,600 USDT) is removed and the 11-25x band applies from positions between 1,000 and up to but not including 7,000 USDT with a maintenance margin of 2.50%. More broadly positions in higher notional ranges see leverage compressed into lower tiers (e.g., 6-10x or even down to just five times), with maintenance margin rates unchanged at those tiers but with adjusted notional boundaries.
According to Binance’s corporate profile it was founded in 2017 and has become one of the world’s largest cryptocurrency exchanges by volume. Binance offers a broad mix of products including spot trading as well as margins futures options staking peer-to-peer services across many regions globally; this latest update reflects Binance Futures’ continuous effort towards balancing trading opportunities against risk management amid volatile market conditions.
