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Binance Portfolio Margin to Introduce Tiered Negative Balance Thresholds and Interest Charges
Starting May 17, 2025 at 00:00 (UTC), Binance Portfolio Margin will implement tiered negative balance thresholds based on VIP levels. If a user’s negative balance exceeds their assigned threshold, a daily interest fee will apply, calculated using the Binance Margin Borrow Daily Interest Rate.
Here’s how it works:
Interest applies only when the negative balance exceeds the tiered limit.
The fee is calculated at 00:00 (UTC) daily using this formula:
Interest Fee = abs(NegativeBalance) * dailyInterestRate
NegativeBalance = min(total asset balance + threshold, 0)
Example 1:
User A (VIP 9) has a -10,050 USDT balance.
Their threshold is 10,000 USDT, so the chargeable amount is -50.
With a 0.1% daily rate, the interest fee = 0.05 USDT.
Example 2:
User B (VIP 9) has a -10,050 USDT balance at 20:00 UTC, but deposits 2,000 USDT before 00:00 UTC, reducing the balance to -8,050 USDT.
Since they’re within the 10,000 USDT threshold, no interest is charged.
Important Notes:
Negative balances are only permitted if uniMMR remains above 105%.
Interest fees impact the uniMMR, which may affect your liquidation risk.
Users with Auto Repay enabled should deposit enough funds 2 hours before 00:00 UTC to avoid charges.
Stay informed and manage your Portfolio Margin wisely to avoid unnecessary fees or liquidation risks.
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In a pioneering move, Binance has achieved a milestone by executing the world's inaugural cryptocurrency triparty arrangement alongside a third-party banking partner. This groundbreaking development empowers institutional investors with a groundbreaking solution for managing counterparty exposure, marking a significant stride in merging traditional and crypto markets.
Addressing the primary concern of counterparty risk prevalent among institutional investors, Binance's innovative solution represents a paradigm shift in the realm of crypto-asset allocation. Our approach mirrors the established framework found in traditional financial markets, providing investors with the ability to customize their crypto-asset allocation in alignment with their risk tolerance.
The triparty arrangement facilitates the safekeeping of trading collateral off-exchange under the custody of a third-party banking partner. Investors can leverage this opportunity by holding collateral in the form of fiat equivalents, such as Treasury Bills, offering the dual benefit of security and yielding assets.
Catherine Chen, Binance's Head of VIP and Institutional, emphasized the long-standing concerns of institutional investors regarding counterparty risk. She remarked, "Our team, comprising both crypto natives and traditional finance experts, has dedicated over a year to conceptualizing and crafting this banking triparty agreement. Our objective was to create a solution that optimizes collateral and crypto investments for our institutional clients, mirroring the trusted conduct found in traditional markets."
As the sole cryptocurrency exchange currently offering this triparty solution, Binance stands at the forefront of revolutionizing institutional crypto trading. This initiative marks a pivotal moment in bridging crypto market opportunities with the risk controls synonymous with traditional financial landscapes.
The pilot project heralds an era of unparalleled standards in institutional crypto trading, promising a secure and trusted avenue for existing Binance VIP and Institutional clients. Moreover, it invites incoming institutional investors to capitalize on the unparalleled liquidity of the world's largest cryptocurrency exchange.
For further insights into our Banking Triparty solution, we invite you to connect with your designated Account Manager or reach out to us at [email protected]. If you're not currently a Binance VIP & Institutional client and wish to explore our program, refer to our guide on 'How to Become a Binance VIP.'
Join us as we redefine the future of institutional crypto trading, setting new benchmarks for security, trust, and innovation in the dynamic world of digital finance.
please refer to How to Become a Binance VIP.
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