#Binance one of the leading global cryptocurrency exchanges, has recently unveiled its new Portfolio Margin Program. This program, available to eligible users, aims to provide greater flexibility in trading strategies by allowing the use of multiple supported assets as collateral in USDⓈ-M Futures, COIN-M Futures, and Cross Margin wallets. With more than 200 collateral assets and dedicated API endpoints, the Portfolio Margin Program is set to enhance the trading experience for advanced users on the platform.
The Enhanced Trading Experience:
Binance's Portfolio Margin Program offers several key highlights that enhance the trading experience for eligible users. First and foremost, the program introduces a wide range of collateral assets, exceeding 200 in number. Traders can utilize these assets, each assigned a specific collateral ratio, to secure their positions effectively. A comprehensive list of available collateral assets and their corresponding ratios can be found on Binance's official page.
Binance has introduced dedicated API endpoints for the Portfolio Margin Program, allowing users to seamlessly integrate their trading strategies and automate portfolio management. The API documentation provides comprehensive specifications, enabling developers to leverage the program's functionalities
and customize their trading experience.
Risk Management and Insurance Fund Coverage:
Binance ensures that risk management remains a top priority for the Portfolio Margin Program. Default liquidation processes for both futures and cross margin positions apply to the Portfolio Margin positions as well. Users are advised to familiarize themselves with the futures liquidation protocols, the futures insurance fund, and the margin insurance fund to gain a clear understanding of the risk management mechanisms in place.
Seamless Asset Transfer and BNB Benefits:
To enhance convenience for users, Binance has introduced the Aggregate Balances function. This feature allows users to transfer all positive balances from their USDⓈ-M and COIN-M Futures-PM Wallets to their Margin-PM Wallet effortlessly. However, it's important to note that BNB balances in the USDⓈ-M Futures-PM Wallet will not be transferred, enabling users to continue enjoying the BNB trading fee discount.
Activation Process and Availability:
The Portfolio Margin Program is available to VIP 4-9 users and those whose trading volumes on USDⓈ-M and COIN-M Futures are equivalent to that of VIP 4-9. VIP 4-9 users have two options to activate the Portfolio Margin mode: either via the Binance Futures trading page or through the Wallet > Futures section on their Binance account. For other eligible users, contacting their respective Key Account Coverage teams will provide the necessary guidance.
Conclusion:
With the launch of the Portfolio Margin Program, Binance continues to demonstrate its commitment to offering innovative and advanced trading features to its users. The introduction of multiple collateral assets, dedicated API endpoints, and risk management mechanisms cater to the needs of sophisticated traders looking for enhanced flexibility and efficiency. By combining cutting-edge technology with user-centric features, Binance solidifies its position as a leading cryptocurrency exchange, empowering traders to pursue their investment goals with confidence and convenience.
