Who can apply for the Classic Portfolio Margin Program?
The Classic Portfolio Margin Program is currently open to users that meet all three requirements below:
- Your trading volume on the USDⓈ-M/COIN-M Futures is equivalent to that of VIP tier 7 - 9;
- The combined balance of your Cross Margin, USDⓈ-M Futures, and COIN-M Futures Wallets exceeds 10 million USDT;
- The sub-accounts applying should have assets in either the USDⓈ-M or COIN-M Wallet, with a combined balance exceeding 10,000 USD and no open orders or positions.
How to apply for the Binance Classic Portfolio Margin Program?
Follow the steps below to apply and you can enjoy the benefits of the Binance Classic Portfolio Margin Program:
1. Email us at futures-business@binance.com.
2. Once we approve your enrollment, you'll receive the Binance Portfolio Margin Program Legal Agreement. Please sign and send it back to us.
3. Provide your Binance UID of the accounts and sub-accounts applying for the program.
4. Deposit the required collateral.
You can transfer the required assets from your Spot Wallet to your USDⓈ-M Futures/COIN-M Futures Wallet first, and then transfer them to your Cross Margin Wallet. However, please note that you cannot transfer assets directly from the Cross Margin Wallet to the USDⓈ-M Futures/COIN-M Futures Wallet.
5. Close all USDⓈ-M Futures and COIN-M Futures positions, and cancel all open orders of the applying account.
Do I need to open a new account to apply for the Binance Classic Portfolio Margin Program?
Eligible VIP users can use their existing account and collateral in Binance Portfolio Margin without opening a new account.
How to close my Binance Classic Portfolio Margin account?
To close the Binance Classic Portfolio Margin Program account, you must make sure:
- The wallet balance of your Cross Margin, USDⓈ-M Futures, and COIN-M Futures Wallets are positive.
- Return all the Cross Margin borrowed assets.
- Close all Cross Margin, USDⓈ-M Futures, and COIN-M Futures positions and cancel all open orders.