Binance is expanding transaction limits at VIP levels for BFUSD users.
In an official announcement, Binance announced that maximum position limits have been increased for BFUSD, Binance Futures’ unique yield-based margin asset. The upgrade, which will increase trading capacity and flexibility for users at VIP levels 0 to 9, will go into effect on December 17, 2024 at 15:00 (UTC+8).
Traders can use BFUSD as margin for USDT-M futures contracts and receive USDT rewards every day. With VIP 0 limits increasing from 250,000 BFUSD to 400,000 BFUSD and VIP 9 limits increasing from 5,000,000 BFUSD to 8,000,000 BFUSD, the new restrictions demonstrate Binance’s commitment to improving user facilities.
Each master and child account has its own updated restrictions. Although BFUSD cannot be purchased directly for virtual sub-accounts, users can use Binance’s API to move it from their main account.
Traders are advised to check Binance Futures trading rules for real-time changes. It is worth noting that purchasing or using BFUSD using the API is still not supported. The aim of these improvements is to help futures traders maximize their profits and improve their trading tactics.