Updates on the Binance Portfolio Margin Program (2023-02-27)

Fellow Binancians,

As part of risk control measures under the Portfolio Margin Program, Binance will introduce a new interest charge on users who hold a negative USDT balance in their USDⓈ-M Futures Wallets enrolled under the Portfolio Margin Program, starting from 2023-02-27 at 08:00 (UTC). 

Please note that this interest charge will only be applied if users’ USDT balance in their USDⓈ-M Futures Wallets enrolled under the Portfolio Margin Program falls below the predetermined threshold. The current threshold for the interest charge is set at -200,000 USDT for each USDⓈ-M Futures Wallet enrolled under the Portfolio Margin Program. 

Users are strongly advised to adjust their trading strategies and USDⓈ-M Futures Wallet balances prior to 2023-02-27 08:00 (UTC) to avoid any unnecessary charges. 

Notes:

• The interest charge will be applied daily, based on the market average interest rate. Please refer to the FAQs for more details on the interest charge calculation and corresponding API endpoints.
• The interest charge will only apply to negative USDT balances in USDⓈ-M Futures Wallets enrolled under the Portfolio Margin Program that fall below the predetermined threshold. Other token assets in USDⓈ-M Futures Wallets, as well as holdings in Margin Wallets and COIN-M Wallets, will not be affected.
• The interest charge will only apply to USDⓈ-M Futures Wallets enrolled under the Portfolio Margin Program.
• Binance reserves the right to amend the predetermined threshold and the interest charge at its sole discretion.
• Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.

Guides & Related Materials:

• What Is the Binance Portfolio Margin Program
• How to Use the Binance Portfolio Margin Program APIs
• Frequently Asked Questions on Binance Portfolio Margin Program

Thanks for your support!

Binance Team

2023-02-06

Trade on-the-go with Binance’s crypto trading app (iOS/Android)

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Note: This announcement was last updated on 2023-02-06 to clarify that the interest charge will only apply to USDⓈ-M Futures Wallets enrolled under the Portfolio Margin Program.

Binance reserves the right in its sole discretion to amend or change or cancel the products referred to in this announcement at any time and for any reasons without prior notice.

Risk Warning: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Futures trading, in particular, is subject to high market risk and price volatility. All of your margin balance may be liquidated in the event of adverse price movement. Past performance is not a reliable predictor of future performance. Before trading, you should make an independent assessment of the appropriateness of the transaction in light of your own objectives and circumstances, including the risks and potential benefits. Consult your own advisers, where appropriate. This information should not be construed as financial or investment advice. To learn more about how to protect yourself, visit our Responsible Trading page. For more information, see our Terms of Use and Risk Warning.