Starting February 9, 2024, Binance will introduce an automatic multi-asset mode for new futures accounts, improving trading flexibility and efficiency across margin assets.
Binance, the world’s leading cryptocurrency exchange, has announced an update to its futures multi-asset mode that will significantly improve users’ trading experience. Starting at 08:30 on February 9, 2024 (UTC), multi-asset mode will be automatically enabled for all new futures accounts and sub-accounts. This mode expands the trading capabilities and flexibility of Binance users by more seamlessly facilitating trading of USDⓈ-M futures contracts across multiple margin assets, subject to applicable haircuts.
Multi-asset mode supports cross-margin mode and margining only selected assets. The introduction of this feature is part of Binance’s ongoing efforts to provide unparalleled trading products and services, including access to over 250 futures and options contracts, a variety of trading tools, and margin modes with a 24/7 global expert clientele. . Support. This launch also comes at a time when Binance is expanding its products, as evidenced by the recent launch of USDC margined Dogecoin (DOGE) futures. This allows tokens to be traded across a variety of margin assets in a multi-asset mode, which shows Binance’s commitment. Expand your investment options on the platform and improve your trading experience.
Binance Futures offers a variety of trading products, including USDⓈ-M and COIN-M futures, which are settled in stablecoins and cryptocurrencies, respectively. A 0.02% maker fee and a 0.05% taker fee will apply for USDⓈ-M futures trading for regular users who trade less than $15 million or own less than 25 BNB in a 30-day period. Discounts are offered to those who use BNB to pay for transactions. This fee structure is designed to accommodate a wide range of traders, from beginners to advanced participants looking for competitive prices and tight bid/ask spreads.
This update is consistent with Binance’s strategy to continuously innovate and improve the trading experience to make it more accessible, efficient, and tailored to meet the diverse needs of its global user base. By enabling multi-asset mode by default for new futures accounts, Binance is taking an important step in simplifying the trading process, providing more flexibility, and improving the overall user experience of the platform.
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