This is a general announcement and the products and services mentioned here may not be available in your area.

Dear User:

In response to the needs of our users, Binance Leverage will launch new BTC, ETH, XRP, SOL, DOGE, OP, ARB, SHIB, LINK, and LTC lending rate promotions at 14:00 on September 13, 2023 (ET8).

Event time: 14:00, September 13, 2023 to 14:00, September 25, 2023 (GMT+8)

During the promotion, all users who borrow any eligible cryptocurrency on Binance Margin will automatically receive a one-hour interest waiver.

For example:

  • User A and User B borrowed 10 BTC at 13:20 (ET8) on September 15, 2023. User A and User B completed repayments at 14:15 (ET8) and 13:55 (ET8) on the same day, respectively.

  • Since interest is calculated every hour (for example, 13:00, 14:00, etc.), under normal circumstances (i.e., during inactivity), User A and User B should be charged two hours and one hour of interest respectively.

  • Assuming that the hourly interest rate for borrowing BTC is 0.001%, since users will automatically enjoy one hour of interest waiver during the event, user A will actually be charged interest of [0.001% * 10 BTC * (2 - 1) hours] = 0.0001 BTC.

  • On the other hand, since user B repays the loan within the first hour, no interest is charged. The interest is calculated as follows: [0.001% * 10 BTC * (1 - 1) hours] = 0 BTC.

For more information about Binance Margin’s dynamic interest rate system, please refer to the FAQ.

illustrate:

  • Margin Trading Overview

  • How to short sell with leverage - sell high and buy low

  • How to Leverage Long - Buy Low and Sell High

  • Binance Leverage Dynamic Interest Rate System

Notice:

  • The assets, quotas, pledge rates, and interest rates supported by Binance Margin trading will be adjusted at any time based on market conditions. Please refer to the Margin data page for details.

  • Binance reserves the right to cancel or modify the rewards at its sole discretion without prior notice, including but not limited to canceling, extending, terminating or suspending these activities, their eligibility terms and criteria, evaluation criteria and the timing of any action, and all users will be bound by such modifications;

  • Additional event terms and conditions can be viewed here;

  • In the event of any discrepancy between the translated version and the original English version, the English version shall prevail.

Thank you for your support!

Binance Team

September 13, 2023