Binance launches unified account! Open 350 types of mortgage asset trading contracts

According to the latest announcement, this site (120BTc.coM): Binance, the world’s largest cryptocurrency exchange, issued an announcement yesterday (3rd) stating that Binance will provide cross-position leverage and Ordinary users and VIP users with a contract wallet balance of at least 100,000 USDT will open a "Binance Unified Account", allowing users to use more than 350 types of mortgage assets to trade U-based contracts and cross-margin products through this account. At the same time, the transactions of currency-based contracts, cross-margin products and cross-margin products will be unified into this account to facilitate user transactions and management.

How to activate "Binance Unified Account"?

Activation conditions

To open or close a unified account, users must meet the following conditions:

• Margin account (full position): no loan , unfilled orders, positions or negative balances.

• U-margined contract (UM): There are no unfilled orders, positions or negative balances, and no isolated margin or joint margin mode is used.

• Coin Margined Contract (CM): There are no unfilled orders, positions or negative balances, and the isolated margin mode is not used.

• Reach the required VIP level or trading volume.

• Cross Margin Account should be enabled.

How to enable a unified account?

1. Log in to your Binance account and go to the Binance Futures trading page. If you meet the qualifications, you can see the [Upgrade] button next to [Margin Ratio]. Click [Upgrade].

Or, go to [Preferences]-[Account Mode]. You can also see the [Upgrade] button above. Click [Upgrade].

2. Please read the information and terms of the pop-up window carefully before clicking [Confirm].

3. If the unified account mode is eligible for activation, the system will ask the user to take a test. This quiz ensures users have a clear understanding of Uniform Account trading rules, risks and benefits. Click [Take Quiz] and answer the questions correctly to continue.

4. After successfully completing the test, the system will prompt the user to confirm the activation of the unified account. Click [Start]. The process takes about 15 seconds.

5. After activation, unified account information (UnIMMR, total debt, maintenance margin, adjusted equity) will be displayed in the lower right corner of the trading interface, and contract and margin accounts will be transferred to the [Unified Account].

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