Buy Crypto
Pay with
Markets
NFT
Feed
Downloads
English
USD

How can we help you?
New Cryptocurrency Listing
Latest Binance News
Latest Activities
New Fiat Listings
Delisting
Wallet Maintenance Updates
API Updates
Crypto Airdrop

Binance Futures to Cease Support for Cross Collateral Feature

2022-08-25 09:00
Fellow Binancians,
Binance Futures will cease support for the Cross Collateral feature on 2022-09-30 06:00 (UTC).
Effective from 2022-09-01 06:00 (UTC), Binance Futures will stop accepting BTC, ETH and EUR assets as Cross Collateral. This will not affect existing Cross Collateral positions.
Please note:
  • Users are advised to close all BTC, ETH and EUR Cross Collateral positions, and return all the USDT borrowed before 2022-09-30 06:00 (UTC).
  • If users have BTC, ETH and EUR Cross Collaterals and did not close their Cross Collateral positions manually before 2022-09-30 06:00 (UTC), their Cross Collateral positions will be automatically closed by our system. All the USDT borrowed will be returned within three days by deducting the available balance in users’ Futures Wallets, while collateral assets will be returned to users’ Spot Wallets.
  • Liquidation may occur due to insufficient margin. Users need to adjust their futures positions accordingly to avoid any potential liquidation.
  • No liquidation fees will be charged during the automatic settlement process, but the system may sell more assets than if they were manually closed to ensure all Cross Collateral loans are cleared.
  • In the meantime, users can use their collaterals to trade Futures via the Multi-Assets Mode. Users may activate the Multi-Assets Mode via Futures trading page > Settings > Preference > Asset Mode > Multi-Assets Mode.
For More Information:
Thanks for your support!
Binance Team
2022-08-25
Find us on
Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.
Risk Warning: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Futures trading, in particular, is subject to high market risk and price volatility. All of your margin balance may be liquidated in the event of adverse price movement. Past performance is not a reliable predictor of future performance. Before trading, you should make an independent assessment of the appropriateness of the transaction in light of your own objectives and circumstances, including the risks and potential benefits. Consult your own advisers, where appropriate. This information should not be construed as financial or investment advice. To learn more about how to protect yourself, visit our Responsible Trading page. For more information, see our Terms of Use and Risk Warning.