Binance Futures has launched Credits Trading Mode on its trading platform to offer users in eligible regions a new option to directly deposit supported crypto assets such as BTC, ETH and BNB as collateral for USDⓈ-margined futures. Binance Futures Credits Trading Mode runs with the Cross Margin and Multi-Asset Mode by default.

Under Binance Futures Credits Trading Mode, all USDT or USDC contracts’ PNL, margin and fees will be displayed as Credits labeled BNFCR.

Please note, Binance Futures Credits Trading Mode is currently only available for USDⓈ-M contracts. When using this mode, only BTC, ETH, and BNB can be used to transfer between Futures Wallets and other wallets. BNFCR cannot be withdrawn, but can be swapped to BTC, ETH, or BNB first before making the withdrawal.

By default, the asset value will be displayed in BNFCR based on USD value.

For example, User A has the following assets in their Futures Wallet:

The balance valued in Binance Credits would be:

1,000 + 0.3 * 60,000 + 12 * 600 = 26,200 BNFCR

If User A opened a position (The fee rate is 0.05%):

The trading fee would be = 58,000 * 0.1 * 0.05% = 2.9 BNFCR

The unrealized PNL would be = (60,000 – 58,000 ) * 0.1 = 200 BNFCR

The Margin Balance would be = 26,200 + 200 = 26,400 BNFCR

1. Is BNB supported under Binance Futures Credits Trading Mode?
Yes, Binance Futures Credits Trading Mode supports BNB.

2. Can I change back to the basic trading mode after I made the upgrade?
No, once you update to Binance Futures Credits Trading Mode, it cannot be undone.

3. Do sub-accounts support Credits Trading Mode?
Yes, you can upgrade to Binance Futures Credits Trading Mode on your Futures sub-accounts.

4. Can I use API trading under Credits Trading Mode?
Yes, upgrading to Binance Futures Credits Trading Mode has no effect on your API keys.

5. Will trading volume in the Credits Trading Mode count towards the VIP trading volume calculation?
Yes, VIP trading volume calculations will factor in trading volume in the Credits Trading Mode.