Fellow Binancians,
To support our users and their usage of the Binance Margin Trading platform, Binance will increase the borrowing limits of each available margin asset and also the Margin Trading VIP structure at 2019/09/05 1:00 PM (UTC).
Upgraded Margin Basic Asset Borrowing Limitsďź
| No |
Asset |
Basic Borrowing Limit |
| 1 |
BTC |
50 |
| 2 |
USDT |
500,000 |
| 3 |
ETH |
600 |
| 4 |
TRX |
1,000,000 |
| 5 |
XRP |
150,000 |
| 6 |
LINK |
6,000 |
| 7 |
EOS |
6,000 |
| 8 |
ADA |
300,000 |
| 9 |
ONT |
10,000 |
| 10 |
BCHABC |
80 |
| 11 |
LTC |
800 |
| 12 |
USDC |
150,000 |
| 13 |
ETC |
2,500 |
| 14 |
XLM |
150,000 |
| 15 |
NEO |
1,500 |
| 16 |
XMR |
150 |
| 17 |
BNB |
1,000 |
Updated VIP Structure
| VIP Level |
Borrowing Amount Multiple |
Discount on Daily Interest Rates |
| Standard |
1 |
No discount |
| VIP1 |
4 |
5% discount |
| VIP2 |
6 |
5% discount |
| VIP3 |
7 |
10% discount |
| VIP4 |
8 |
10% discount |
| VIP5 |
8 |
10% discount |
| VIP6 |
8 |
15% discount |
| VIP7 |
9 |
15% discount |
| VIP8 |
10 |
20% discount |
| VIP9 |
10 |
20% discount |
Example:
The current standard borrowing amount is 50 BTC, a VIP1 user will be able to borrow up to 4 * 50 BTC = 200 BTC. Similarly, based on the table above, a VIP9 user will be able to borrow a maximum amount of 10 * 50 BTC = 500 BTC.
If the standard daily interest rate is 0.0200%, then a VIP1 user will have a daily interest rate of 0.0200% * 95% = 0.0190%. Similarly, based on the table above, a VIP9 user will have a daily interest rate of 0.0200% * 80% = 0.0160%.
For a list of Marginable Assets and further information on specific limits and fees, please refer to Margin Data.
Thanks for your support!
Binance Team
2019/09/05
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