News for hackers. Stuff that matters.

A comment on Ask HN: Was there anything innovative about the FTX platform itself?. Parent comment

Re:Ask HN: Was there anything innovative about the FTX platf... by europeanguy on Thursday December 22, 2022 @01:21AM (#34090425)
> most altcoins on binance futures are limited to about $2 million notional

Could you clarify? Do you mean that the accounts had a maximum amount of normal they could carry?

[ Parent | on HN ]
Re:Ask HN: Was there anything innovative about the FTX platf... by ironyman on Thursday December 22, 2022 @06:06AM (#34092167)
That's right. Binance has very low limits for your 'max position size' on most altcoins, often between $2 to 3 million unless it's one of the top 10 tokens, regardless of how much collateral you have in your account.
[ Parent | on HN ]