This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance Margin recently announced upcoming changes to Cross Margin Pro, which were originally scheduled to occur on 2025-01-21 10:00 (UTC).
To better ensure the stability of the Cross Margin Pro service and the safety of users’ positions, Binance Margin will instead implement a gradual rollout of the following changes across users’ Cross Margin Pro accounts.
Initial and Maintenance Margin requirements will be adjusted for all Cross Margin Pro accounts on 2025-01-21 10:00 (UTC), as originally scheduled.
These changes will be rolled out across Cross Margin Pro accounts gradually over the following weeks.
Collateral Haircuts: Collateral haircuts will be applied when calculating collateral values as part of Margin Level calculations.
Open Order Loss: Due to collateral haircuts, the collateral value of assets to be bought in an open order may be less than the collateral value of assets to be sold in the same order. This loss in collateral value is recognized when the order is placed, which is factored into Margin Level calculations and maximum borrow or transfer amounts.
Please note:
The changes to Margin Level calculations and the impact of collateral haircuts may potentially increase the risk of liquidations. Users are advised to maintain sufficient assets as a buffer against potential changes to their Margin Levels. Please refer to this FAQ for more details.
Users may find out more about the rollout progress of the upcoming changes to Cross Margin Pro in the banner section of the Cross Margin trading page. The banner will contain details on when the aforementioned changes will occur, and which UIDs are affected.
The banner section in the trading page can be found as a pop-up at the bottom right corner on Web, and on top of users’ screens in the Binance App.
Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
Thank you for your support!
Binance Team
2025-01-20
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Disclaimer and Risk Warning: Digital asset prices are subject to high market risk and price volatility. The information provided does not constitute, in any way, a solicitation or recommendation or inducement to buy or sell the products. The value of your investment may go down or up, and you may not get back the amount invested. Cross-margining contributes to providing greater leverage than a regular margin account, and greater leverage creates greater losses in the event of adverse market conditions. There is increased risk that a user's cross-margin positions will be liquidated involuntarily, causing possible loss. Comments and analysis do not constitute a commitment or guarantee on the part of Binance. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. This product may not be available in certain countries and to certain users. This content is not intended for users/countries to which prohibitions/restrictions apply. For more information, see our Terms of Use and Risk Warning. To learn more about how to protect yourself, visit our Responsible Trading page.
