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Updates to Binance Futures Cross Collateral
Binance
2020-09-16 04:16
Fellow Binancians,
Binance Futures will be charging a daily interest rate of 0.0216% on cross collateral starting from 2020/09/21 0:00:00 AM (UTC) onwards. A 14-day interest free period will be offered on all loans made after the starting period, and interest will only be charged once a loan exceeds the 14-day interest free period.
Notes:
  • This interest is only applicable to new loans made after 2020/09/21 0:00:00 AM (UTC) onwards. There will no interest be charged on existing loans that were taken prior.
  • Interest will only be charged if users do not repay taken loans within the 14-day interest free period. For more details, please refer to How to Repay Loan Interest.
Binance Futures has added an asset conversion function to its coin-margined futures wallet. Users are able to convert the assets in their coin-margined futures wallet to supported assets without the need to borrow funds from cross collateral. Users are now able to save more and to trade faster.
Thanks for your support!
Binance Team
2020/09/16
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