regions where products and services referred to here are not available.
Fellow Binancians,
Binance Margin is extending a new
promotion forUSDC, BTC, BOME, DOGE, ETH, ENA, FET, FLOKI, NEAR, REZ, RNDR, SOL,
SHIB, PEPE, WLDand WIF at 2024-05-08 11:00 (UTC).
Promotion Period: 2024-05-08 11:00 (UTC) to 2024-05-20 11:00 (UTC)
During the Promotion Period, all users who borrow any of these eligible
cryptocurrencieson Binance Margin, will automatically receive a one-hour
interest fee waiver.
Example:
*
User A and User B have each borrowed 10 BTC at 2024-05-08 11:20 (UTC). Both
User A and User B then complete repayment onthe same day at 12:15 (UTC) and
11:55 (UTC) respectively.
*
Given that interest on Binance Margin accrues at the start of every hour
(e.g., at 11:00, 12:00, etc.), User A and User B should be charged fortwo hours
and one hour of interest respectively under standard circumstances (i.e.,
outside of the Promotion Period).
*
Assuming that the hourly interest rate for borrowing BTC is 0.001%, User A
will be charged an interest of [0.001% * 10 BTC *(2 - 1) hours] = 0.0001 BTC,
since users will automatically receive aone-hour interest fee waiver during the
Promotion Period.
*
On the other hand, since User B has completed repayment within the first hour
of borrowing, there is no interest charged. The interest calculation is as
follows: [0.001% * 10 BTC *(1 - 1) hours] = 0 BTC.
For more, refer to Binance Margin’s dynamic interest rate system
.
Guides & Related Information:
*
Margin Trading Overview
*
How to Use Short on Margin Trading
*
How to Use Long on Margin Trading
*
Binance Margin’s Dynamic Interest Rate System
Terms & Conditions:
*
By taking part in this Promotion, users will be deemed to have accepted and
be bound by these Terms & Conditions.
*
Please refer to Margin Data for a list
of the most updated marginable assets and further information on specific
limits, collateral ratio and rates.
*
Inventory availability operates on a first-come, first-served basis. Binance
cannot guarantee that inventory will always be available.
*
Binance reserves the right to disqualify trades that are deemed to be wash
trades, illegal bulk account registrations, self-dealing, or display signs of
market manipulation, etc.
*
Binance reserves the right to determine and/or amend or vary these Terms &
Conditions, its eligibility terms and criteria, the selection and number of
winners, and the timing of any act to be done if it is justified due to
important reasons, including but not limited to:
*
Changes in applicable regulations or policies;
*
Obligations arising out of law or decisions issued by common courts or public
administration;
*
Anti-money laundering or combating financing terrorism rules;
*
Technical issues beyond our control;
*
Necessity to protect users from potential losses;
*
Necessity to protect Binance from the loss of reputation;
*
Extraordinary events or circumstances beyond our control (force majeure).
*
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.
Thank you for your support!
Binance Team
2024-05-08
Trade on-the-go with Binance’s crypto trading app (iOS/Android)
Find us on
*
Telegram
*
X
*
*
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 ourTerms of Use and Risk
Warning . To learn more about how to
protect yourself, visit ourResponsible Trading page
.
Introduction To Crypto
a digital currency in which transactions are verified and records maintained by a decentralized system using cryptography.All
Crypto Price Information
| Price | Price Change (24h) | Trading Volume (24h) | Market Cap | |
|---|---|---|---|---|
| BTC | $66,261.8 USD | -0.91% | $16,317,480,168.81 USD | $1,305,384,681,059.95 USD |
| ETH | $3,074.03 USD | -1.32% | $7,954,630,040.5 USD | $369,265,354,157.36 USD |
| GARI | $0.01838 USD | +22.94% | $2,886,128.72 USD | $5,235,565 USD |
| SOLX | $0.1891 USD | +11.53% | $1,561,002.48 USD | $0 USD |
| MLN | $15.78 USD | +10.97% | $581,483.51 USD | $21,896,691 USD |
