This is a general announcement. This announcement is not directed to users in regions where the products and services described herein are not available.

Dear Binance Community Members,

Binance Margin will add BTC, ETH, SOL, MATIC, XRP, FIL, WLD, LPT, DOGE, HBAR, VET, GRT, ARB, OP, LINK, FET and AGIX 02/27/2024 at 12:00 (Moscow time).

Promotion period: from 02/27/2024 12:00 to 03/12/2024 12:00 (Moscow time).

During the promotion, all users who take out a loan on Binance Margin with any of the participating cryptocurrencies will automatically receive an interest waiver for one hour.

Example

  • Users A and B each issued one loan for 10 BTC on 02/27/2024 at 12:20 (Moscow time). Users A and B then repaid their loans on the same day at 13:15 and 12:55 (UTC), respectively.

  • Given that interest on Binance Margin loans accrues at the beginning of each hour (e.g. 09:00, 10:00, etc.), User A and User B will be accrued interest for two and one hour respectively according to the normal terms ( i.e. outside the promotion period).

  • Assuming the hourly BTC interest rate is 0.001%, then User A will be charged an interest of [0.001% * 10 BTC * (2 - 1) h] = 0.0001 BTC since users will automatically receive a waiver during the promotion from interest accrual for one hour.

  • However, since User B repaid the loan within the first hour of receiving the loan, no interest was charged. Interest is calculated as follows: [0.001% * 10 BTC * (1 - 1) h] = 0 BTC.

For more information, check out Binance Margin Trading Dynamic Interest Rate System.

Links to instructions and additional materials

Terms and conditions

  • Please see Margin Data for a list of the most current margin assets and additional information on individual limits, coverage ratios and rates.

  • Binance reserves the right to exclude transactions related to wash trading, carried out using mass account registration, interested party transactions aimed at market manipulation, etc.

  • Binance reserves the right to determine and/or change these terms and conditions, participant requirements, number of participants, participant selection rules and the timing of any action if such a decision is justified by important reasons, which include, but are not limited to:

    • changes in existing rules and regulations;

    • obligation by law or according to decisions of courts of general jurisdiction and government;

    • rules regarding anti-money laundering and anti-financial terrorism;

    • technical problems beyond our control;

    • the need to protect users from possible losses;

    • the need to protect Binance's reputation;

    • unforeseen events and circumstances beyond our control (force majeure).

  • There may be discrepancies between the translation and the original English article. To obtain current and accurate information in this case, read the original version of the announcement.

Thanks for support!

Binance command

27.02.2024