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Important Updates to Binance Margin Liquidation Fees (2024-08-12)

Important Updates to Binance Margin Liquidation Fees (2024-08-12)

2024-08-02 02:00

This is a general announcement. Products and services referred to here may not be available in your region.

Fellow Binancians,

To better protect our users and help ensure market stability, Binance will update the Binance Margin Liquidation Fees at 2024-08-12 06:00 (UTC)

Updates to Binance Margin Liquidation Fees

Category

Liquidation Fees (Current)

Liquidation Fees (New)

Cross Margin

(Cross Margin Liquidated Assets) * 2%

(Cross Margin Liquidated Assets) * 2%

Cross Margin Pro

(Cross Margin Pro Liquidated Assets) * 2%

(Cross Margin Pro Liquidated Assets) * 3%

Isolated Margin

(Isolated Margin liquidated assets) * (Clearance fee rate corresponding to Tiered Leverage)

(Isolated Margin Liquidated Assets) * 2%

Note: There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.

Further Information:

  • Margin Trading Overview

  • What Is Margin Insurance Fund

  • How to Use Short (Buy/Sell) on Margin Trading

  • How to Use Long (Buy/Sell) on Margin Trading

Thank you for your support!

Binance Team

2024-08-02

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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.

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 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.