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Leaveraged token trading rules. $1000 maximum buy/sell??

Leaveraged token trading rules. $1000 maximum buy/sell??

Binance

Cryptocoins Exchanges / Binance 26 Views

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

submitted by /u/IfByLand
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