Binance Onboards Non-VIP Users Onto Its Portfolio Margin For Cross Margin and Futures

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Written By: Michael Abadha

Apr 03, 2024, 15:02 BST 15:02

Binance, has announced that its Portfolio Margin will now be extended to non-VIP users who meet the minimum Cross Margin and Futures wallet balance requirement of 100,000 USDT. This brings greater capital efficiency and other benefits to more users who have complex portfolio strategies but may not regularly qualify for VIP status.

In addition, Binance has released its new Portfolio Margin wallet, which consolidates the previous USDⓈ-M Futures, COIN-M Futures and Cross Margin wallets into a single wallet for better ease of portfolio management.

Portfolio Margin is an advanced risk-based margin account that offers a more comprehensive assessment of a user’s overall exposure by offsetting their unrealized PnL across Futures and Cross Margin trading. Portfolio Margin provides users more flexibility in managing their portfolios, increased capital efficiency and arbitrage opportunities, and is a useful tool for risk management.

Binance Portfolio Margin enables the use of multiple supported assets from the USDⓈ-M Futures, COIN-M Futures and Cross Margin wallets as Portfolio Margin collateral, for up to 878 trading pairs: 548 cross margin pairs, 281 USDⓈ-M Futures contracts, and 49 COIN-M Futures contracts.

Key product benefits of Binance Portfolio Margin include:

A broad range of supported collateral assets in the market (over 360), which can be used synchronously across three trading products (USDⓈ-M Futures, COIN-M Futures and Cross Margin).
Maximize capital efficiency, with highly competitive collateral ratios in the market.
Unrealized PnL netted by offsetting different positions across the three trading products.
Single Portfolio Margin wallet for the three trading products, which also allows users to view their portfolio margin collateral assets and PnL all in one place.
Dedicated Portfolio Margin API endpoints to trade USDⓈ-M Futures, COIN-M Futures and Cross Margin products.

About Binance

Binance is the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. Trusted by millions worldwide, the Binance platform is dedicated to increasing the freedom of money for users, and features an unmatched portfolio of crypto products and offerings, including: trading and finance, education, data and research, social good, decentralization and infrastructure solutions, and more.

Written By: Michael Abadha

Michael is a self-taught financial markets analyst, who specializes in analysis of equities, forex and crypto markets. He draws his inspiration from the fact that markets provide an interface through which the world interacts in search of a better tomorrow.