Exchange
Blockchain and crypto asset exchange
Academy
Blockchain and crypto education
Broker
Trading terminal solutions
Charity
Charity
Cloud
Enterprise exchange solutions
DEX
Fast and secure decentralized digital asset exchange
Labs
Incubator for top blockchain projects
Launchpad
Token Launch Platform
Research
Institutional-grade analysis and reports
Trust Wallet
Binance's official crypto wallet
Buy Crypto
Markets
Scan to Download App IOS & Android
Download
English
USD
Support Center
Announcement
Latest News
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

 

Find us on 

Telegram: https://t.me/binanceexchange

Twitter: https://twitter.com/binance

Facebook: https://www.facebook.com/binance 

Instagram: https://www.instagram.com/binance 

Related Articles
Notice on Binance Card Cashback Level Adjustment