Binance Upgrades Joint Margin Model

Binance has upgraded the joint margin model at 11:00 on October 12, 2021, Eastern Eighth District time. After the upgrade, users can activate the joint margin mode without closing positions. The joint margin model now supports BTC and ETH as joint margin assets. Users can use the BTC, ETH, BNB, BUSD, USDT margin assets in the U-standard wallet as USDT and BUSD contract margins.

The value of BTC, ETH, and BNB as joint margin will be calculated at 95% of the market price of the BTC, ETH, and BNB assets in the U-standard wallet, respectively.

The upper limit of BTC, ETH and BNB assets used as joint margin is 5 BTC, 70 ETH and 15,000 BNB respectively.

The BNB balance in the user’s U-based wallet can still be used for priority deduction of transaction fees.

BNB as a joint margin will still be included in the daily BNB holdings.

Go to Binance Official Website