Binance Enhances Futures Trading with Multi-Assets Mode Launch

From February 9, 2024, Binance introduces automatic multi-asset mode for new futures accounts, improving trading flexibility and margin asset efficiency.

Binance, the world’s leading cryptocurrency exchange, has announced an update to its multi-asset futures mode that will significantly improve the trading experience for its users. From February 9, 2024, at 08:30 (UTC), all new futures accounts and sub-accounts will automatically have multi-asset mode enabled. This mode facilitates the trading of USDⓈ-M futures contracts with multiple margin assets more seamlessly, subject to applicable markdowns, thereby expanding trading opportunities and flexibility for Binance users.

Multi-asset mode only supports Cross Margin mode and selected assets as margin. 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 wide range of trading tools and margin modes, accompanied by 24/7 global expert customer support. ​. It also comes at a time when Binance is expanding its offerings, as seen with the recent launch of USDC margined Dogecoin (DOGE) futures, which allows the token to be traded in various margin assets in a multi-asset mode, demonstrating Binance’s commitment to expanding of investment opportunities and improving the trading experience of its platform.

Binance Futures offers a diverse range of trading products, including USDⓈ-M and COIN-M futures settled in stablecoins and cryptocurrencies respectively. Regular users who trade less than $15 million in a 30-day period or hold less than 25 BNB are subject to a 0.02% origination fee and a 0.05% acceptance fee per USDⓈ-M futures trades, with a 10% discount available for those using BNB to pay for trades. This fee structure is designed to serve a wide range of traders, from beginners to more advanced participants looking for competitive pricing and tight bid/ask spreads.

This update is in line with Binance’s strategy to continuously innovate and improve the trading environment, making it more accessible, efficient and tailored to meet the diverse needs of the global user base. By enabling multi-asset mode by default for new futures accounts, Binance is taking a significant step towards simplifying the trading process, offering more flexibility and improving the overall user experience of its platform.

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