The other day binance announced new rules for leveraged tokens, saying you could not buy or sell more than a $1000 per day.
I don’t understand this at all. For one thing it’s a crazy low limits, and for another it’s not in place. In fact to test it I just placed both a buy and sell of DOTDOWN of $2000 and it was executed without a problem.
So what gives? What is the nature of this new limit and how do I find out the reality of the situation? Last thing I want is to have a leveraged token that skyrockets and suddenly find myself that I have a million dollars that I can’t cash out.
The announcement is here: https://www.binance.com/en/support/announcement/3c8b3136e58f4e18931b8cde1c463bd0