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25 April 2024
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Binance Expands Portfolio Margin Product Accessibility, Introduces Unified Wallet

Binance Expands Portfolio Margin Accessibility, Introduces Unified Wallet

Binance, the biggest cryptocurrency exchange in the world based on trading volume, is expanding the accessibility of its Portfolio Margin product to non-VIP customers who have a minimum balance of 100,000 USDT in their Cross Margin and Futures accounts.

A larger group of Binance traders are expected to benefit from the improvements in terms of capital efficiency, especially those who use complex portfolio techniques but lack the necessary VIP designation.

A significant advancement in the way Binance users may manage their assets has been made with the release of the new Portfolio Margin wallet. In order to facilitate seamless portfolio changes and optimization, Binance unifies the USD-M Futures, COIN-M Futures, and Cross Margin wallets into a single, unified wallet.

Traders may use a range of assets from the combined futures and margin wallets as collateral when using Binance’s Portfolio Margin. This is applicable to a wide range of trading pairs, which adds up to 878 trading opportunities: 548 cross margin pairings, 281 USD-M Futures contracts, and 49 COIN-M Futures contracts.

Sherrine Tan, Product Marketing Lead at Binance stated:

“We are pleased to extend Portfolio Margin to eligible non-VIP users so they too, can make use of a broad range of supported collateral assets on Binance to enhance their trading strategies. The new combined Portfolio Margin Wallet reduces friction, and offers greater ease for asset management.

A trader’s overall market exposure is evaluated thoroughly with Portfolio Margin accounts, which use a risk-based margin strategy that takes into account the unrealized Profit and Loss (PnL) from both Futures and Cross Margin trading activities.

Trader flexibility in managing their portfolios is increased, capital efficiency is enhanced, arbitrage possibilities are increased, and a helpful tool for risk management is provided by this method.

The widest selection of collateral assets available on the market is supported by Portfolio Margin and may be used concurrently with USD-M Futures, COIN-M Futures, and Cross Margin trading products. This function provides competitive collateral ratios to optimize capital efficiency.

Additionally, the new feature balances varied positions among the three trading products, allowing the netting of unrealized PnL. The supervision and management of collateral assets and PnL are made easier by the integration into a single Portfolio Margin wallet.

Lastly, the trading experience for USD-M Futures, COIN-M Futures, and Cross Margin products is enhanced via dedicated API endpoints for Portfolio Margin trading.

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