Binance Futures Introduces BFUSD Support for Portfolio Margin Accounts🔥😱📝
New Opportunities for Portfolio Margin Users
Effective December 20, 2024, at 08:00 (UTC), Binance Futures is expanding its offerings by enabling support for BFUSD within Portfolio Margin and Portfolio Margin Pro accounts. With this update, users can seamlessly:
Buy and redeem BFUSD, and
Utilize BFUSD as margin across Cross Margin, USDⓈ-M Futures, and COIN-M Futures trading.
For comprehensive information on utilizing BFUSD as margin, refer to Binance’s Trading Rules.
API Integration for BFUSD Transactions
Portfolio Margin account holders can now access BFUSD transactions via the following API endpoints:
Purchase BFUSD: POST /sapi/v1/portfolio/mint
Redeem BFUSD: POST /sapi/v1/portfolio/redeem
It is important to note that these API functions are exclusively available to Portfolio Margin accounts. Classic trading accounts are not eligible to buy or redeem BFUSD through API.
Resources to Get Started
Explore the following guides and materials for a detailed understanding of BFUSD and its features:
Introduction to BFUSD: Binance’s exclusive reward-bearing margin asset for Futures traders.
How to Use BFUSD: Comprehensive steps to utilize BFUSD as margin in Futures trading.
Guide to Buying and Redeeming BFUSD: Learn how to convert BFUSD into USD stablecoins.
Reward Rates for BFUSD Holders: Discover how reward rates are determined.
Binance Portfolio Margin Trading Rules: Stay informed about trading requirements and regulations.
Enhance Your Trading Experience with Binance
This enhancement is part of Binance’s commitment to empowering its users with cutting-edge tools and resources for optimized trading experiences. Start exploring the benefits of BFUSD on Portfolio Margin accounts today!
For more information, visit Binance’s official resources. Thank you for choosing Binance as your trading partner!