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Introduction to Binance Cross Margin Pro
2023-11-12 15:15
New Pro Mode
Old Pro Mode
Last updated: 19 Dec 2024
Disclaimer: In compliance with MiCA requirements, unauthorized stablecoins are subject to certain restrictions for EEA users. For more information, please click here.
Note: At 2025-01-21 10:00 (UTC), Binance Margin will adjust the Initial and Maintenance Margin requirements on Cross Margin Pro to enhance the capital efficiency of users’ margin assets. Additionally, how Margin Level and other Cross Margin Pro parameters are calculated will be changed: collateral haircuts and open order losses will now be factored into these calculations. For the previous version of this FAQ, please refer to the second tab above (‘Old Pro Mode’).
Starting from 2024-12-17 00:00 (UTC), new and existing Cross Margin Pro users must complete an updated questionnaire and agree to the updated Margin Terms in order to use Cross Margin Pro. These requirements are in place to ensure that users are aware of and understand the upcoming changes to Cross Margin Pro, and make necessary changes to their positions. You may complete the questionnaire here.
If you do not meet the requirements above, existing Cross Margin Pro accounts will be subject to the following conditions:
From 2024-12-19 00:00 (UTC) onwards, Binance Margin will disable borrowing on these Cross Margin Pro accounts.
From 2025-01-15 00:00 (UTC) onwards, Binance Margin will switch these Cross Margin Pro accounts to Cross Margin Classic Mode. Binance Margin may also conduct partial liability repayments before this switch on accounts which are at risk of having Margin Levels below the Margin Call threshold in Classic Mode.
Impacted users may resume usage of Cross Margin Pro after they have completed the requirements above.
In this article, you will learn:
What Cross Margin Pro is
The differences between Cross Margin Pro and Cross Margin Classic
Frequently Asked Questions about Cross Margin Pro
Countries that don’t support Cross Margin Pro
What is Cross Margin Pro?
Binance Cross Margin Pro is a product for advanced traders. It supports up to 20x leverage and requires reduced Initial and Maintenance Margins. While Cross Margin Pro offers a higher leverage factor, users are encouraged to exercise prudent risk management to mitigate risks associated with higher leverage.
Additionally, collateral haircuts are factored into Margin Level calculations on Cross Margin Pro. This means that changes in users’ collateral may lead to potentially larger changes in their Margin Levels. Learn more on how to calculate the Margin Level for Cross Margin Pro here.
Note: the maximum leverage supported will differ depending on your region. Please refer to the restricted countries list at the end of this article.
Differences between Cross Margin Pro and Classic
Mode
Cross Margin Classic
Cross Margin Pro
Margin Type
Margin is shared among all positions in your Cross Margin account.
Leverage
Fixed at account level, 3x or 5x
Leverage and borrow amounts for each token are set according to their respective Position Brackets. The maximum leverage is 10x or 20x, depending on your region.
Margin Level
Margin Level = Total Asset / (Total Liability + Interest)
Learn more on how to calculate Cross Margin Classic Margin Level here.
Margin Level = ( ∑Net Collateral - ∑Open Order Loss ) / ∑Required Maintenance Margin
Learn more on how to calculate Cross Margin Pro Margin Level here.
Maximum Borrow Amount
You can borrow tokens up until your Collateral Margin Level reaches the cap of 1.5 (for 3X leverage) or 1.25 (5X leverage). Maximum borrow limits for each token apply.
The maximum amount you can borrow depends on your Available Margin, while maximum borrow limits for each token apply according to their respective Position Tiers.
Learn more on how to calculate Maximum Borrow Amount here.
Impact of Collateral Haircuts
Collateral haircuts are factored into calculations that determine your maximum borrowable and transfer-out amounts, but are not factored into Margin Level calculations.
1. Is Margin Level calculated differently for Cross Margin Pro and Classic Modes?
Yes, different formulas are used to calculate Margin Levels for Pro and Classic. Additionally, collateral haircuts and open order losses are factored into Margin Level calculations for Pro, but not for Classic. Please refer to the respective Margin Level FAQs for Cross Margin Pro and Cross Margin Classic to learn more.
2. How much can I borrow on Cross Margin Pro, based on the amount of collateral I have?
The maximum amount you can borrow is calculated using “Available Margin”. Learn more on how to calculate Maximum Borrow Amount here. Maximum borrow limits for each token apply according to their respective Position Brackets which can be found in the Margin Data page, under the “Cross Margin Pro Position Tiers” section.
3. How can I switch to Cross Margin Pro Mode?
You can switch to the Cross Margin Pro Mode if you meet the following conditions:
The resulting Cross Margin Pro Margin Level after switching must be above 2.
You must complete and pass the Cross Margin Pro quiz.
You agree to the Terms and Conditions governing Cross Margin Pro.
Your Cross Margin wallet must have a balance of at least 5,000 USDT equivalent.
Note: *Users may not be able to check if the resulting Pro Margin Level is above 2 before switching. For more information, read this guide on how to activate the Cross Margin Pro Mode.
4. How can I switch back to Cross Margin Classic Mode?
You can switch back to Cross Margin Classic if the resulting Collateral Margin Level after switching is above the Initial Risk Ratio (1.25 for 5X, and 1.5 for 3X).
5. Can I customize my Margin Call Ratio (MCR) in the Cross Margin Pro mode?
You retain the option to customize your own Margin Call Ratio (MCR) in the Cross Margin Pro mode. The customized MCR must fall between 1.3 and 2. The default MCR for Cross Margin Pro is 1.5.
6. Will my customized MCR remain the same after switching?
When you first switch to the Cross Margin Pro mode, your MCR will automatically default to 1.5. However, once you have customized your MCR in both the Pro and Classic modes, these settings will be retained in the system. Consequently, they will be set as the default MCR when you toggle between the Classic and Pro modes.
Restricted Countries
Countries that do not support Cross Margin Pro 20X
France (FR)
UK (GB)
Portugal (PT)
Austria (AT)
UAE (AE)
Italy (IT)
Sweden (SE)
Malta (MT)
Finland (FI)
Norway (NO)
Luxembourg (LU)
Ireland (IE)
Gibraltar (GI)
Denmark (DK)
Poland (PL)
Bahrain (BH)
Seychelles (SC)
Australia (AU)
Disclaimer and Risk Warning: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. Digital asset prices are subject to high market risk and price volatility. The information provided does not constitute, in any way, a solicitation or recommendation or inducement to buy or sell the products. The value of your investment may go down or up, and you may not get back the amount invested. Cross-margining contributes to providing greater leverage than a regular margin account, and greater leverage creates greater losses in the event of adverse market conditions. There is increased risk that a user's cross-margin positions will be liquidated involuntarily, causing possible loss. Comments and analysis do not constitute a commitment or guarantee on the part of Binance. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. This product may not be available in certain countries and to certain users. This content is not intended for users/countries to which prohibitions/restrictions apply. For more information, see our Terms of Use and Risk Warning. To learn more about how to protect yourself, visit our Responsible Trading page.
Products and services referred to here may not be available in your region.
Note: On 2025-01-21 10:00 (UTC), Cross Margin Pro will introduce new Initial and Maintenance Margin requirements. Additionally, formulas used to calculate Margin Level and other parameters will be updated to take into account collateral haircuts and open order losses. This FAQ will no longer be valid after the changes have taken effect. Please refer to the first tab for the latest version of Cross Margin Pro Mode (‘New Pro Mode’).
In this article, you will learn:
What is Cross Margin Pro
The difference between Cross Margin Pro and Cross Margin Classic
Frequently Asked Questions about Cross Margin Pro
Countries that don’t support 10x leverage
What is Cross Margin Pro?
Binance Cross Margin Pro is a product for advanced traders. It supports up to 10x* leverage and requires reduced Initial and Maintenance Margins. Please refer to the step-by-step guide in How to Activate the Cross Margin Pro Mode on Binance? for more details. Note, the Max leverage supported will differ depending on your region. Please check the restricted countries list at the end of this article.
Difference between Cross Margin Pro and Cross Margin Classic
Mode
Cross Margin Classic
Cross Margin Pro
Margin Type
Cross Margin
You’re able to switch to the Cross Margin Pro mode if the Collateral Margin Level in the Classic mode is above 1.25.
Cross Margin
You’re able to switch back to Cross Margin Classic if the Collateral Margin Level (in the Classic mode) is above the Initial Risk Ratio.
Leverage
Fixed at account level, 3x or 5x
Leverage and borrow amount are set according to the loanable coin’s risk bracket. The maximum leverage is 10x, depending on your region. Higher leverage corresponds with lower borrowing amount, whereas lower leverage corresponds with higher borrowing amount.
Margin Level
= Total Asset / (Total Liability + Interest)
= ∑Net Equity / ∑Required Maintenance Margin
*Please refer to the calculation example under the “Example” section.
Liquidation Margin Level Trigger Threshold
Margin Level ≤ 1.1 (Cross Margin 3x and 5x leverage)
Due to a lower Initial Margin requirement, the Cross Margin Pro mode enables higher capital efficiency.
Collateral Margin Level Impact
The maximum borrowing amount and the maximum transfer-out amount are impacted. Liquidation is not affected by asset haircut.
Only the maximum transfer-out amount is impacted. Liquidation is not affected by asset haircut or collateral margin level.
Frequently Asked Questions
1. Can I customize my Margin Call Ratio (MCR) in the Cross Margin Pro mode?
You retain the option to customize your own Margin Call Ratio (MCR) in the Cross Margin Pro mode. However, the MCR must fall between 1.3 and 2. The default MCR for Cross Margin Pro is 1.5.
2. Will my customized MCR remain the same after switching?
When you initially switch to the Cross Margin Pro mode, your MCR will automatically default to 1.5. However, once you have customized your MCR in both the Pro and Classic modes, these settings will be retained in the system. Consequently, they will be set as the default MCR when you toggle between the Classic and Pro modes.
Restricted Countries
Countries that do not support 10x leverage
France (FR)
UK (GB)
Portugal (PT)
Austria (AT)
UAE (AE)
Disclaimer and Risk Warning: Digital asset prices are subject to high market risk and price volatility. The information provided does not constitute, in any way, a solicitation or recommendation or inducement to buy or sell the products. The value of your investment may go down or up, and you may not get back the amount invested. Cross-margining contributes to providing greater leverage than a regular margin account, and greater leverage creates greater losses in the event of adverse market conditions. There is increased risk that a user's cross-margin positions will be liquidated involuntarily, causing possible loss. Comments and analysis do not constitute a commitment or guarantee on the part of Binance. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. This product may not be available in certain countries. This content is not intended for users/countries to which prohibitions/restrictions apply. For more information, see our Terms of Use and Risk Warning.
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