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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