Author: Content Editor
Binance Futures has announced an update allowing Portfolio Margin and Portfolio Margin Pro account holders to integrate BFUSD, Binance's reward-bearing margin asset, into their trading activities. Starting December 20, 2024, users can use BFUSD for trading purposes across multiple platforms. This integration expands the utility of BFUSD within Binance's ecosystem, allowing it to be used as margin in various trading activities. Binance has provided APIs for Portfolio Margin users to buy and redeem BFUSD seamlessly. This feature is exclusively available for Portfolio Margin accounts. BFUSD offers additional benefits to traders and can be used as collateral across different margin and futures products. The inclusion of BFUSD in Portfolio Margin accounts demonstrates Binance's commitment to innovation and user-centric solutions. This update is likely to lead to increased adoption of Portfolio Margin features by advanced traders. Classic trading account holders do not have access to BFUSD buying and redemption via API. Binance Futures' expansion of offerings and integration of BFUSD sets a benchmark for other platforms in margin trading. Its impact on Binance Futures' growth and user engagement will be closely watched by the crypto trading community.