What is the Cross Margin Pro mode?
Binance Cross Margin Pro is a product for advanced traders. It supports leverage of up to 10x and requires reduced Initial and Maintenance Margins. Please visit Introduction to Binance Cross Margin Pro for more details.
Who can activate the Cross Margin Pro mode?
To activate the Cross Margin Pro mode, there are several requirements you must fulfil:
- Your Cross Margin account must be activated.
- You need to complete the Cross Margin Pro Quiz.
- The Collateral Margin Level on your current Cross Margin account must be greater than 1.25.
- You must reside in a jurisdiction that supports Cross Margin Pro.
How to activate the Cross Margin Pro mode?
All Binance users can use the Cross Margin Pro mode.
1. Log in to your Binance account and go to [Trade] - [Margin]. Click the settings icon.
2. Click [Cross Margin Account Mode].
3. Before enabling the Cross Margin Pro Mode, you must take a mandatory quiz. This quiz aims to test your understanding of the trading rules, risks, and benefits associated with the Cross Margin Pro mode. Read Introduction to Binance Cross Margin Pro to gain a better understanding of how the Cross Margin Pro mode works.
To continue, click [Finish Cross Margin Pro Quiz] and answer the questions.
4. Once youâve successfully completed the quiz, youâll be able to select [Pro Mode].
Please note that if the Collateral Margin Level in the Classic mode is lower than 1.25, you wonât be able to activate the Pro mode and you'll see an error message. You can only switch to the Pro mode when the Margin Level is above 1.25 by repaying existing debt or transfer in more collateral.
In addition, you must reside in a jurisdiction that supports Cross Margin Pro to use this mode. Youâll see an error message if the Cross Margin Pro mode is not supported.
5. Once successfully activated, it will default to 10x leverage.
6. To switch back to the Classic mode, your Margin Level in the Classic mode must be higher than the Initial Risk Ratio, which is 1.5 for Cross Margin 3x and 1.25 for Cross Margin 5x.
Please note that you can only switch modes 5 times per day.
Disclaimer and Risk Warning: Digital asset prices are subject to high market risk and price volatility. The information provided does not constitute, in any way, a solicitation or recommendation or inducement to buy or sell the products. The value of your investment may go down or up, and you may not get back the amount invested. Cross-margining contributes to providing greater leverage than a regular margin account, and greater leverage creates greater losses in the event of adverse market conditions. There is increased risk that a user's cross-margin positions will be liquidated involuntarily, causing possible loss. Comments and analysis do not constitute a commitment or guarantee on the part of Binance. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. This product may not be available in certain countries and to certain users. This content is not intended for users/countries to which prohibitions/restrictions apply. For more information, see our Terms of Use and Risk Warning.