In its latest update, Binance has announced an increase in the maximum position limits for BFUSD, opening up new opportunities for users across VIP levels.
New Binance Announcement
An official announcement from Binance reports an increase in the maximum position limits for the unique yield-based asset BFUSD on Binance Futures. This upgrade, effective December 17, 2024, is aimed at users in VIP levels 0 through 9.
Changes in BFUSD Limits
Under the new policy, users can use BFUSD as margin for USDT-M futures and receive USDT rewards daily. VIP 0 limits increased from 250,000 BFUSD to 400,000 BFUSD, while VIP 9 saw an increase from 5,000,000 BFUSD to 8,000,000 BFUSD. These changes emphasize Binance's commitment to enhancing user possibilities.
Impact on Trading and Next Steps
Each master and sub-account has its updated restrictions. However, BFUSD cannot be directly purchased for virtual sub-accounts, though users can use Binance’s API to transfer it from master accounts. Traders are advised to follow real-time updates on Binance Futures trading rules.
These improvements aim to aid futures traders in maximizing profits and refining their trading strategies.
