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Updates to Binance Futures Cross Collateral
Binance Futures will be charging a daily interest rate of 0.0216% on cross collateral starting from 2020/09/21 0:00:00 AM (UTC) onwards. A 14-day interest free period will be offered on all loans made after the starting period, and interest will only be charged once a loan exceeds the 14-day interest free period.
- This interest is only applicable to new loans made after 2020/09/21 0:00:00 AM (UTC) onwards. There will no interest be charged on existing loans that were taken prior.
- Interest will only be charged if users do not repay taken loans within the 14-day interest free period. For more details, please refer to How to Repay Loan Interest.
Binance Futures has added an asset conversion function to its coin-margined futures wallet. Users are able to convert the assets in their coin-margined futures wallet to supported assets without the need to borrow funds from cross collateral. Users are now able to save more and to trade faster.
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