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Binance Releases VIP Structure for Margin Trading & Borrowing
Binance
2019-08-09 10:52

Fellow Binancians,

To support our users and their usage of the Binance Margin Trading platform, Binance will release a Margin Trading VIP structure at 2019/08/09 12:00 PM (UTC). 

On top of the current borrowable amount and daily interest rate, VIP users will be able to enjoy up to a maximum of 10x the standard borrowable amount, as well as up to a 20% discount on daily interest rates. Further details are below:

VIP Level

Borrowable Amount Multiple

Discount on Daily Interest Rates

Standard

1

No discount

VIP1

2

5% discount

VIP2

2

5% discount

VIP3

4

10% discount

VIP4

4

10% discount

VIP5

4

10% discount

VIP6

6

15% discount

VIP7

6

15% discount

VIP8

10

20% discount

VIP9

10

20% discount

 

Example:

The current standard borrowable amount is 10 BTC, a VIP1 user will be able to borrow up to 2 * 10 BTC = 20 BTC. Similarly, based on the table above, a VIP8 user will be able to borrow a maximum amount of 10 * 10 BTC = 100 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 VIP8 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 click here

Thanks for your support!

Binance Team

2019/08/09

 

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