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Leading cryptocurrency exchange Binance has announced that it will be conducting planned system upgrades for Cross Margin and Isolated Margin to improve the overall system performance and stability. During each system upgrade, which is expected to last approximately one hour, all margin services will remain operational.
Planned System Upgrade for Isolated Margin and Cross Margin
Cryptocurrency exchange Binance has announced that it will be performing system upgrades for Cross Margin and Isolated Margin to enhance the general system performance and stability. According to the announcement made by Binance, the planned upgrade for Isolated Margin will take place on September 19th between 09:00-10:00 GMT, while the upgrade for Cross Margin will take place on September 20th between 09:00-10:00 GMT.
Each system upgrade is expected to last approximately one hour, and all margin services will remain operational during the upgrades. Binance recommends users to utilize the margin services before or after the planned upgrades for the optimal experience. Users are also advised to reassess their collateral balances and margin levels ahead of the system upgrades to avoid potential liquidations.
What are Isolated Margin and Cross Margin?
Isolated Margin and Cross Margin are terms commonly used in financial markets, especially in forex and other leveraged trading markets. These terms are also used in the cryptocurrency market. Both terms are important in determining investors’ risk management and ability to sustain their positions.
Isolated Margin refers to the total collateral amount deducted from the investor’s open positions. In other words, it is the remaining free margin amount after deducting the carrying costs and margin requirements of open positions. Isolated Margin can be used to open new positions or cover losses in case of existing positions. It indicates the position-opening capacity of Isolated Margin and is calculated by subtracting the margin of open positions from the initial margin.
Cross Margin, on the other hand, represents the total collateral amount required for maintaining your open positions. It is the total margin used to sustain your current open positions. Cross Margin reflects the risk of open positions and indicates a situation where positions can be liquidated if the margin falls below this level. Cross Margin is equal to the margin of open positions.
