Binance, a leading cryptocurrency exchange, has announced the launch of its new Portfolio Margin Program, designed to provide eligible users with greater flexibility in their trading strategies.
The program is being rolled out gradually and is expected to be fully launched by June 7th, 2023. Notably, the original Portfolio Margin Program has been rebranded as the Classic Portfolio Margin Program.
Open to VIP 4-9 users and those with trading volumes equivalent to VIP 4-9 on USDS-M and COIN-M Futures, the new cross-asset margin program allows users to utilize multiple supported assets as collateral in their USDS-M Futures, COIN-M Futures, and Cross Margin wallets.
With over 200 collateral assets available, users can choose from a diverse range of options to support their trading activities. A comprehensive list of collateral assets and their corresponding collateral ratios can be found on Binance’s dedicated page for the Portfolio Margin Program.
For seamless integration, Binance provides dedicated API endpoints specifically tailored for the new Portfolio Margin Program. Users can access these endpoints via the Binance API Documentation, which offers detailed specifications and guidelines.
To simplify fund management, Binance offers the Aggregate Balances function, enabling users to transfer all positive balances from their USDS-M and COIN-M Futures-PM Wallets to their Margin-PM Wallet seamlessly.
It’s important to note that BNB balances in the USDS-M Futures-PM Wallet will not be transferred, allowing users to continue benefiting from the BNB trading fee discount.
Binance’s latest Portfolio Margin Program enhances trading experiences with added flexibility, a diverse array of collateral assets, and efficient fund management features.
This launch solidifies Binance’s dedication to delivering innovative solutions for traders and investors in the ever-evolving cryptocurrency market despite multiple legal cases filed by the SEC.
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