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Adjustments to the Daily Interest Rates for Borrowing BCH

Adjustments to the Daily Interest Rates for Borrowing BCH

2020-11-11 06:37
Fellow Binancians,

In preparation for the expected price volatility during the upcoming BCH hard fork, Binance will increase the daily interest rate for borrowing BCH to 3.1%, starting from 2020/11/11 6:00 AM (UTC). The interest rate will be readjusted again after the hard fork.
Please note that all existing borrowings will have the daily interest rate automatically updated after the above time. For further details, please refer to the full list of borrowing interest rates here.
Additionally, if a user’s net position balance of BCH is negative at the time of the hard fork, this will also result in a liability of the coin from the minority BCH chain in the corresponding margin accounts after the hard fork. Please ensure that you make the corresponding arrangements and take appropriate risk measures in advance.
Thanks for your support!
Binance Team
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