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Binance Increases Margin Asset Borrowing Limits and VIP Structure

Binance Increases Margin Asset Borrowing Limits and VIP Structure

2019-09-05 00:30

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 Limits:

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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