How to Activate the Cross Margin Pro Mode on Binance?
2023-12-01 02:04
New Pro Mode
Old Pro Mode
Last Updated: 28 Jan 2025
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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.
What is Cross Margin Pro mode?
Binance Cross Margin Pro is a product for advanced traders. It supports leverage of up to 20x and requires reduced Initial and Maintenance Margins. Please refer to Introduction to Binance Cross Margin Pro for more details.
Requirements to activate the Cross Margin Pro mode
To activate the Cross Margin Pro mode, there are several requirements you must fulfill:
Your Cross Margin account must be activated.
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 above 5,000 USDT equivalent.
You must reside in a jurisdiction that supports Cross Margin Pro.
Note:
Users may not be able to check if the resulting Pro Margin Level is above 2 before switching. Typically, if users’ Collateral Margin Level in Classic is above 1.25, it should result in a Pro Margin Level of above 2. However, due to an additional factor of “Open Order Loss” which reduces the Pro Margin Level, users may fail to switch.
To solve this, users may either repay a portion of their liabilities, add more collateral into their accounts, or cancel some of their open orders before attempting to switch.
Learn more on how “Open Order Loss” impacts the Cross Margin Pro Margin Level here.
How to activate the Cross Margin Pro mode?
1. Log in to your Binance account and go to [Trade] - [Margin]. Click the settings icon.
2. Click [Cross Margin Account Mode].
3. Before enabling the Cross Margin Pro Mode, you must take a mandatory quiz. This quiz aims to test your understanding of the trading rules, risks, and benefits associated with the Cross Margin Pro mode. Refer to Introduction to Binance Cross Margin Pro to gain a better understanding of how the Cross Margin Pro mode works.
To continue, click [Finish Cross Margin Pro Quiz] and answer the questions.
4. Once you’ve successfully completed the quiz, you’ll be able to select [Pro Mode].
Please note that if the resulting Cross Margin Pro Margin Level after switching is lower than 2, you will not be able to activate the Pro mode and you'll see an error message. You can try to switch after repaying some liabilities, adding more collateral into your account, or canceling any open orders in order to raise the Margin Level.
5. Once you have successfully activated the Cross Margin Pro mode, 20x leverage will apply as default.
6. To switch back to the Classic mode, the Classic mode Collateral Margin Level after switching must be above the Initial Risk Ratio (1.25 for 5X, and 1.5 for 3X).
Note: You can only switch modes 5 times per day.
Can I switch back to the Cross Margin Classic mode?
You’re able to 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). If you're not eligible for switching, you’ll see an error message. You are only allowed to switch 5 times per day between different modes.
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’).
What is the Cross Margin Pro mode?
Binance Cross Margin Pro is a product for advanced traders. It supports leverage of up to 10x and requires reduced Initial and Maintenance Margins. Please visit Introduction to Binance Cross Margin Pro for more details.
Who can activate the Cross Margin Pro mode?
To activate the Cross Margin Pro mode, there are several requirements you must fulfill:
You must reside in a jurisdiction that supports Cross Margin Pro.
How to activate the Cross Margin Pro mode?
All Binance users can use the Cross Margin Pro mode.
1. Log in to your Binance account and go to [Trade] - [Margin]. Click the settings icon.
2. Click [Cross Margin Account Mode].
3. Before enabling the Cross Margin Pro Mode, you must take a mandatory quiz. This quiz aims to test your understanding of the trading rules, risks, and benefits associated with the Cross Margin Pro mode. Read Introduction to Binance Cross Margin Pro to gain a better understanding of how the Cross Margin Pro mode works..
To continue, click [Finish Cross Margin Pro Quiz] and answer the questions.
4. Once you’ve successfully completed the quiz, you’ll be able to select [Pro Mode].
Please note that if the Collateral Margin Level in the Classic mode is lower than 1.25, you won’t be able to activate the Pro mode and you'll see an error message. You can only switch to the Pro mode when the Margin Level is above 1.25 by repaying existing debt or transfer in more collateral.
In addition, you must reside in a jurisdiction that supports Cross Margin Pro to use this mode. You’ll see an error message if the Cross Margin Pro mode is not supported.
5. Once successfully activated, it will default to 10x leverage.
6. To switch back to the Classic mode, your Margin Level in the Classic mode must be higher than the Initial Risk Ratio, which is 1.5 for Cross Margin 3x and 1.25 for Cross Margin 5x.
Please note that you can only switch modes 5 times per day.
When can I switch to the Cross Margin Pro mode?
If the Margin Level of your Cross Margin Pro account is greater than 2.5, you can switch to Cross Margin Pro Mode.
If the Collateral Margin Level of your Cross Margin Classic mode is above 1.25, you can switch to the Cross Margin Pro mode. If you're not eligible for switching, you’ll see an error message. You are only allowed to switch 5 times per day between different modes.
Can I switch back to the Cross Margin Classic mode?
Yes, you can switch back to 5x if your Margin Level (in the Classic mode) is higher than the Initial Risk Ratio, which is 1.5 for Cross Margin 3x and 1.25 for Cross Margin 5x. If you're not eligible for switching, you’ll see an error message. You are only allowed to switch 5 times per day between different modes.
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.
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