This is a general announcement. This advertisement is not intended for users in regions where the products and services referenced herein are not available.

Hello Binancian:

Binance Margin is extending a new promotion for BTC, DOGE, ETH, GALA, GMT, LINK, MATIC, ORDI, SEI, SOL, TIA and XRP on December 4, 2023 at 09:00 (UTC).

Promotion period: from December 4, 2023 at 09:00 (UTC) to December 18, 2023 at 09:00 (UTC)

During the Promotion Period, all users who request a loan in any of these eligible cryptocurrencies from Binance Margin will immediately receive a one-hour interest fee waiver.

Example:

  • Users A and B requested a loan of 10 BTC each on December 4, 2023 at 09:20 (UTC). Both redeemed it on the same day at 10:15 (UTC) and 09:55 (UTC), respectively.

  • Since interest on Binance Margin is accrued at the start of each hour (e.g. 09:00, 10:00, etc.), Users A and B will be charged two hours and one hour of interest, respectively, under normal conditions (i.e. outside the Promotion Period).

  • Assuming the hourly interest rate for BTC lending is 0.001%, user A will be charged interest of [0.001x% × 10 BTC × (2 - 1) hours] = 0.0001 BTC, since users will automatically receive a one-hour interest fee waiver during the promotional period.

  • On the other hand, since user B repaid the loan within the first hour of the loan, interest will not be charged. Interest is calculated as follows: [0.001% × 10 BTC × (1 - 1) hours] = 0 BTC.

To learn more about Binance Margin's dynamic interest rate system, please see the FAQ.

Related guides and information:

  • Cross Margin Overview

  • How to use Short in margin trading

  • How to use Long in margin trading

  • Binance Margin Dynamic Interest Rate System

Terms and Conditions:

  • For the most up-to-date listing of margin assets and additional information on specific limits, collateral and fees, see Margin Data.

  • Binance reserves the right to disqualify trades that are considered wash trades, from accounts massively registered for illegal purposes, as well as trades that present characteristics of self-dealing or market manipulation, etc.

  • Binance reserves the right to determine, modify or make variations to these Terms and Conditions, its conditions and eligibility criteria, the selection and number of winners and the timing of any action if justified on important grounds, including, among others:

    • changes in applicable regulations or policies;

    • obligations arising from the law or from decisions issued by common courts of public administration;

    • anti-money laundering or anti-terrorist financing regulations;

    • technical issues beyond your control;

    • the need to protect users from possible losses;

    • the need to protect against loss of reputation;

    • Extraordinary events or circumstances beyond our control (force majeure).

Thanks for your support!

The Binance Team

4/12/2023