Coin-margined vs. USDⓈ-M contracts:
USDⓈ-M contracts use stablecoins such as USDT and USDC as margin, and profits and losses are settled in the corresponding stablecoin. Under Binance's Portfolio Margin mode, assets such as BTC can also be converted into margin.
When you use BTC as margin to open a coin-margined long position, the margin itself also fluctuates with the coin's price: when the price falls, the contract incurs a loss while the margin's value in USD falls at the same time.
$BTC 77425.66（+0.54%）
USDⓈ-M contracts use stablecoins such as USDT and USDC as margin, and profits and losses are settled in the corresponding stablecoin. Under Binance's Portfolio Margin mode, assets such as BTC can also be converted into margin.
When you use BTC as margin to open a coin-margined long position, the margin itself also fluctuates with the coin's price: when the price falls, the contract incurs a loss while the margin's value in USD falls at the same time.
$BTC 77425.66（+0.54%）
