Outside Source
Binance expands trading limits for BFUSD users across VIP levels.
In an official announcement, Binance announced the increase in the maximum position limits for Binance Futures’ unique yield-based margin asset, BFUSD. The upgrade, which will increase trading capacity and flexibility for users in VIP levels 0 through 9, goes into effect on December 17, 2024, at 15:00 (UTC+8).
Traders can use BFUSD as a margin for USDT-M futures contracts and receive USDT rewards every day. With VIP 0 limits growing from 250,000 BFUSD to 400,000 BFUSD and VIP 9 limitations rising from 5,000,000 BFUSD to 8,000,000 BFUSD, the new restrictions demonstrate Binance’s dedication to improving user possibilities.
Every master and sub-account has its own set of updated restrictions. Although BFUSD cannot be bought directly for virtual sub-accounts, users can utilize Binance’s API to move it from their master accounts.
For real-time changes, traders are advised to check the Binance Futures trading rules. It should be noted that buying or redeeming BFUSD using the API is still not supported. The goal of these improvements is to assist futures traders in maximizing profits and refining their trading tactics.
This article first appeared at crypto.news
