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,
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,
.Thanks for your support!
Binance Team
2019/08/09
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