Lawyers for FTX’s disgraced former boss, Sam Bankman-Fried (SBF), have reached an agreement with prosecutors allowing him to contact certain FTX employees. Besides certain restrictions, the 30-year-old may contact such parties through a host of new mediums. The New Rules Updated terms surrounding Bankman-Fried’s contact restrictions were sent to Lewis A. Kaplan – a judge for the Southern District of New York – in a letter on Monday. Bankman-Fried’s lawyers said the updated conditions were a response to the government…
Maintenance Margin
What Is a Maintenance Margin In Crypto Trading?
A maintenance margin is the amount of collateral a trader must hold to maintain an open position in a margin trading account. It is a percentage of the total value of the position and is typically set by the exchange. For example, if a trader wants to open a long position on BTC/USD with a leverage of 3x, the exchange might require a maintenance margin of 30%. This means the trader would need to hold 0.3 BTC as collateral to…
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