Updates on the Binance Portfolio Margin Program (2023-02-27)

Fellow Binancians,
As part of risk control measures under the Portfolio Margin Program, Binance will introduce a new interest charge on users who hold a negative USDT balance in their USDⓈ-M Futures Wallets, starting from 2023-02-27 at 08:00 (UTC).
Please note that this interest charge will only be applied if users’ USDT balance in their USDⓈ-M Futures Wallets falls below the predetermined threshold. The current threshold for the interest charge is set at -200,000 USDT for each USDⓈ-M Futures Wallet.
Users are strongly advised to adjust their trading strategies and USDⓈ-M Futures Wallet balances prior to 2023-02-27 08:00 (UTC) to avoid any unnecessary charges.
Notes:

• The interest charge will be applied daily,based on the market average interest rate. Please refer to the FAQs for more details on the interest charge calculation and corresponding API endpoints.
• The interest charge will only apply to negative USDT balances in USDⓈ-M Futures Wallets that fall below the predetermined threshold. Other token assets in USDⓈ-M Futures Wallets, as well as holdings in Margin Wallets and COIN-M Wallets, will not be affected.
• Binance reserves the right to amend the predetermined threshold and the interest charge at its sole discretion.
• Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.

Guides & Related Materials:

• What Is the Binance Portfolio Margin Program
• How to Use the Binance Portfolio Margin Program APIs
• Frequently Asked Questions on Binance Portfolio Margin Program

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