{"margin-DistributionTable-NoData":"No data.","margin-common-less":"Less","margin-iso-gear-data":"Isolated Margin Tier Data","margin-iso-tier":"Tier","margin-iso-effect-multiple":"Effective Multiple","margin-iso-init-risk-ratio":"Initial Risk Ratio","margin-iso-liq-risk-ratio":"Liquidation Risk Ratio","margin-iso-max-quote":"Quote Asset Max Borrowable","margin-iso-max-base":"Base Asset Max Borrowable","margin-iso-tier-tip":"The tiers for the number of Base Coins Borrowings and Quote Coins Borrowings currently exist in your account. Your Isolated Margin account tier is determined by whichever is higher.<br>Each tier corresponds to a different Initial Risk Rate and Liquidation Risk Ratio, and the Initial Risk Ratio determines your highest available leverage multiple.","margin-iso-gear-login-tip":"Log in to view your tier data","margin-iso-gear":"Tier","margin-delist-isolated-pair":"{{pair}} will be delisted for isolated margin at {{delistTime}}. Please be aware of the risk.","margin-seo-title":"Binance - Margin Data","margin-seo-description":"Refer to VIP tiers to understand exclusive trading incentives and perks from Margin Data.","iso-seo-title":"Binance - Isolated Margin Tier Data","iso-seo-description":"Login to view your tier. Find out your Initial Risk Rate to determine your highest available leverage multiple.","exchange-delist-isolated-pair":"{{pair}} will be delisted for isolated margin at {{delistTime}}. Please be aware of the risk.","exchange-delist-cross-asset":"{{pair}} will be delisted from Cross Margin on {{delistTime}}.","exchange-marginfee-transferin":"Transfer In","exchange-marginfee-borrowtip":"We may suspend borrowing function for some coins during some extreme market movement","exchange-marginfee-borrowable":"Borrowable","exchange-common-yourLevel":"Your Level","exchange-common-dailyInterestYearlyInterest":"Daily Interest / Yearly Interest","exchange-common-borrowLimit":"Borrow Limit","exchange-view-margin-pair":"View Margin Pairs","exchange-marginfee-MarginablePair":"Marginable Pairs","exchange-common-coin":"Coin","exchange-common-vip-level":"VIP Level","exchange-common-borrowInterestLimit":"Borrow Interest & Cross Margin Limit","exchange-Conditions-SearchCoin":"Search coin","exchange-common-margin-bar":"Leverage","exchange-common-interestrate":"Daily Interest Rate","exchange-marginfee-usermaxborrow":"Borrow Limit","exchange-common-isolated-pair":"Isolated Margin Pairs","exchange-iso-gear-data":"Isolated Margin Tier Data","exchange-common-marginData":"Margin Data","exchange-common-interestAdjustmentNotice":"Interest Adjustment Notice","exchange-common-priceIndex":"Price Index","exchange-common-viewMore":"View More","exchange-common-direction":"Direction","exchange-common-dailyInterestRateAdjustment":"Daily Interest Adjustment","exchange-margindata-time":"Date (UTC)","exchange-margindata-indexvalue":"Index Values","exchange-margindata-symbol":"Symbol","m-date":"Date","m-back":"Back to Margin Data","m-int-his":"Interest History","m-export-his":"Export Interest History","m-reset":"Reset","m-search":"Search","m-desk-only":"History exports are currently available on desktop downloads only.","m-day-int":"Daily Interest","m-exp-title":"Export Complete Trade History","m-t1":"Yesterday","m-t2":"Last 2 weeks","m-t3":"Month to date","m-t4":"Past month","m-t5":"Past 3 months","m-t6":"Custom (max range 3 months)","m-cancel":"Cancel","m-export":"Export","m-over-tip":"Max range 3 months","person":"Personalized","m-time":"Time","m-ins-title":"Insurance Fund","m-bench":"{{coin}} Benchmark","m-last-days":"Last {{num}} days","m-ins-blc":"Insurance Fund Balance","margin-common-learnMore":"More","margin-iso-pair":"Pair","landing-seo-title":"Trading Cryptocurrency: All there is to know | Binance","margin-web-tutorial-w":"Margin Web Tutorial","margin-binance-margin":"Binance Margin","margin-isolated-margin-tier":"Isolated Margin Tier","margin-margin-data":"Margin Data","margin-useful-links":"Useful Links","margin-go-to-repay":"Go to Repay","margin-repay":"Repay","margin-trade":"Trade","margin-go-to-borrow":"Go to Borrow","margin-borrow":"Borrow","margin-go-to-transfer":"Go to Transfer","margin-transfer":"Transfer","margin-trading-steps":"Trading Steps for Isolated & Cross Account","margin-about":"About","margin-go-to-trade":"Go to Trade","margin-app-tutorial-w":"Margin App Tutorial","margin-trading-rules":"Trading Rules","margin-features":"Features","margin-insurance-fund":"Insurance Fund","margin-login-now":"Login now","landing-seo-description":"Learn how you can utilize margin trading with cutting-edge execution and industry-leading security on Binance - the world’s largest cryptocurrency exchange by volume.","margin-responsible-trading":"Responsible Trading","margin-best-trading":"Best Trading Fees","margin-high-liquidity":"High Liquidity","margin-view-more":"View more","margin-user-focused":"User-Focused","margin-cooling-off-period-desc":"In order to help users avoid excessive trading, margin trading has introduced a cooling-off  period function.","margin-trading-pairs":"600+ Trading Pair","margin-cooling-off-period":"Cooling-off Period","margin-reliable-security-desc":"The risk fund protects your digital assets from all risks.","margin-getting-started":"Getting Started","margin-margin-service-terms":"Margin Service Terms","margin-advanced":"Advanced","margin-beginners":"Beginners","terms-seo-title":"Binance Margin Account Agreement | Binance","terms-seo-description":"Binance Margin Account Agreement | Binance","margin-trade-now":"Margin Trading","margin-how-to-start":"How to start?","margin-more-leverage":"More Leverage?","margin-faq-how-to-calc-mlp":"How to Calculate Margin Liquidation Price","margin-warnings":"This Binance Margin Account Agreement (this “Agreement”) shall apply to all Margin Accounts opened and maintained with Binance as well as all margin trading services provided by Binance to you.","margin-faq-how-to-repay-debts":"How to Repay Debts on Binance","margin-faq-how-to-borrow":"How to Borrow Funds on Binance","margin-faq-ml-and-mc":"Binance Margin Level and Margin Call","margin-use-margin":"Margin Leveraged Crypto Trading on Spot","margin-faq-mte-guideline":"Margin Trading Express Guideline (Web Version)","margin-faq-dir-for-mt":"Daily Interest Rate for Binance Margin Trading","margin-faq-cm-rules":"Cross Margin Trading Rules","margin-faq-im-rules":"Isolated Margin Trading Rules","margin-faq-mif":"What Is Margin Insurance Fund","margin-faq-tlf-on-im":"Tiered Leverage Function on Isolated Margin","margin-faq-how-to-long":"How to Long on Margin Trading","margin-faq-differences-im-cm":"Differences Between Isolated Margin and Cross Margin","margin-faq-how-to-short":"How to Short on Margin Trading","margin-faq-what-is-mt":"What is Margin Trading","margin-trading-faq":"Margin Trading FAQ","margin-insurance-fund-desc":"An insurance fund protects your account when your equity (assets-liabilities) is lower than 0 or the assets of the pledged currency borrowing orders are insolvent.","margin-mt-benefits":"Margin Trading Benefits","margin-high-liquidity-desc":"Binance Margin Trading provides excellent transaction depth.","margin-best-trading-desc":"Enjoy the best transaction rates for quality service.","margin-faq-how-to-enable-mt":"How to Enable a Margin Account on Binance","margin-responsible-trading-desc":"Effectively control your transactions and trade in a responsible manner","margin-trading-pairs-desc":"Margin trading supports a wide range of cryptocurrencies such as BTC, ETH, BNB, USDT, and more.","margin-why-choose-mt":"Why choose Margin Trading?","margin-repay-desc":"To repay your borrowings, go to the Margin Account page and select Repay for repayments.","margin-trade-desc":"Visit the Margin Trading page to start Margin trading.","margin-borrow-desc":"To start borrowing, select Borrow on your Margin Account, then confirm the asset.","margin-transfer-desc":"Go to the Margin Account page and select Transfer to transfer assets.","margin-what-is-mt":"What is margin trading?","margin-higher-liquidity-depth":"Higher Liquidity Depth?","margin-get-ready-trade":"Ready to start Margin Trading?","margin-bm-desc":"Margin trading is a way of using funds provided by a third party to conduct asset  transactions. Compared with regular trading accounts, margin trading accounts allow traders to obtain more funds and support them in using positions.","margin-more-trading-pairs":"More Trading Pairs?","margin-terms":"View Complete Margin Service Terms","margin-simple-and-convenient":"Simple and convenient, increase trading profit","margin-what-is-bm":"What is Binance Margin?","margin-app-tutorial":"Watch App Tutorial","margin-web-tutorial":"Watch Web Tutorial","margin-best-platform":"The best platform for Margin Trading","margin-start-trading":"Start Trading","margin-we-protect":"We protect our users","margin-margin-tutorials":"Margin Tutorials","margin-get-ready":"Get Ready?","margin-increase-profits":"Increase your profits with Margin Trading now","margin-reliable-security":"Reliable Security","margin-trd-seo-title":"Margin Trading Cryptocurrency: All there is to know | Binance","margin-trd-seo-desc":"Learn how you can utilize margin trading with cutting-edge execution and industry-leading security on Binance - the world’s largest cryptocurrency exchange by volume.","m-time-kyc":"Time (UTC+0)","m-over-tip-one-month":"Max range 1 month","m-time-utc":"Time (UTC+0)","Average daily borrowings":"Average daily borrowings","Binance Margin":"Binance Margin","Claim Bonus":"Claim Bonus","Claim your bonus":"Claim your bonus","trade-margin-content":"Trade or borrow on Binance Margin during the week","Bonus":"Bonus","repeat-content":"Binance Margin’s Funday Friday has concluded.","margin-trading-fee-everyday":"20% Margin trading fee can be shared every Friday.","margin-happy-friday-rule3-3":"The average daily borrow amount should be no less than 100 BUSD. If your average daily margin borrow amount is more than 100,000 BUSD, we calculate it as 100,000 BUSD.","margin-happy-friday-rule3-2":"Your daily average borrowing amount includes both cross margin and isolated margin. We snapshot borrow amount every Thursday for the period from 16:00 (UTC) of the previous Thursday to 16:00 (UTC) of the current Thursday.","margin-happy-friday-rule3-1":"Your reward depends on your daily average margin borrow amount divided by the daily average margin borrow amount of all Margin users.","margin-happy-friday-rule3":"Rewards for your margin borrow amount:","Amount(BUSD)":"Amount(BUSD)","margin-happy-friday-rule2-4":"The average daily trading volume should be no less than 1000 BUSD. If your average daily trading volume is more than 50,000 BUSD, we calculate it as 50,000 BUSD.","margin-happy-friday-rule2-3":"Your daily average trading volume includes both cross margin and isolated margin. We snapshot volumes every Thursday for the period from 16:00 (UTC) of the previous Thursday to 16:00 (UTC) of the current Thursday.","margin-happy-friday-rule2-1":"Your reward depends on your Margin daily average trading volume divided by the daily average trading volume of all Margin users.","margin-happy-friday-rule2":"Rewards for your trading volume:","margin-happy-friday-rule1":"We created this program to share rewards. You can receive rewards based both on your Margin trading volume and total borrow amount. Here's how it works. Every Friday, at 00:00 UTC+8, we take 20% of the income from Binance Margin transaction fees. 5% are distributed based on average borrow amount, and the other 15% are distributed based on average trading volumes. These rewards are in BUSD. And here’s how we calculate both types.","margin-happy-friday-rule2-2":"We calculate income from  Binance Margin transaction fees for the period between 16:00 (UTC) of the previous Thursday to 16:00 (UTC) of the next Thursday.","margin-happy-friday-rule-mark":"The 20% fee income and average daily net borrowing/trading volume will be calculated based on the price of the BUSD trading pairs of the eligible assets on Binance at 16:00 (UTC) each day within the promotion period.","friday-rule-title":"Funday Friday reward program rules","common-month-9":"September","common-month-8":"August","common-month-5":"May","common-month-7":"July","common-month-6":"June","common-month-4":"April","common-month-3":"March","Average daily trade volume":"Average daily trade volume","common-month-2":"February","common-month-12":"December","common-month-11":"November","common-month-10":"October","common-month-1":"January","claim-bonus-content":"Available weekly on Fridays from 09:00 UTC","View Records":"View Records","Trade margin":"Trade margin","TGIF":"TGIF - Thank God It's Friday!","Rules":"Rules:","Success":"Success","Rewards to Claim":"Rewards to Claim","Repeat!":"Repeat!","Ok":"Ok","No records":"No records","Login to View":"Login to View","Funday Friday":"Funday Friday","Expiration time":"Expiration time","Expand Details":"Expand Details","Event Period Text":"Every Friday starting from Jan 14, 2022 09:00 (UTC).","Event Period":"Event Period:","Eligibility Text":"To participate, you should have the Binance Margin account and complete KYC verification. You’re eligible if your daily average Margin trading volume is 1000 BUSD or more. Users from the restricted countries are currently not supported.","Eligibility":"Eligibility:","Distribution time":"Distribution time","Distribution Text":"Bonus will be sent to your spot account directly after you claim it. It will expire if you do not claim the bonus within 5 days.","Distribution Records":"Distribution Records","Date":"Date","Collapse Details":"Collapse Details","Distribution":"Distribution:","Claims Records":"Claims Records","Claimed Success Text":"You have successfully claimed the bonus.","Claimed Rewards":"Claimed Rewards","Claimed":"Claimed","Distribution Text2":"Sub-accounts trading volume and borrow amount will be counted under the parent accounts.","regualr-user":"Regular User","regular-user":"Regular User","trd-common-no-results-found":"No results found.","borrow-program":"Borrower Program","margin-quote-asset-tier":"Quote Asset Tier Limit","margin-base-asset-tier":"Base Asset Tier Limit","margin-tier--data-tip":"Isolated margin follows a tiered leverage approach. The amount borrowed will determine the Tier applicable. Each Tier will have a different Max Leverage, Initial Risk Ratio, Margin Call Ratio and Liquidation Risk Ratio. If you borrow both the base asset and quote asset in a trading pair, the higher Tier will apply.","borrow-limit-dialog-submit":"Submit","borrow-limit-successfully":"Adjustment Successful","borrow-limit-dialog-tip1":"Binance Margin X VIP Activity: Increase your margin borrowing limits by VIP+2 levels for two months!","borrow-limit-ajustment":"Borrow Limit Increase","borrow-limit-dialog-tip2":"Please note that your margin interest rate will be based on your current VIP level.","margin-cross":"Cross","margin-isolated":"Isolated","borrow-limit-once":"You have adjusted once","margin-type":"Margin Type","margin-max-leverage":"Max Leverage","margin-iso-call-ratio":"Margin Call Ratio","vip-privilege-services":"VIP Privilege Services","exchange-common-formula2":"Asset(collateral) = 300,000 * 100%+(500,000 - 300,000) * 70% +(1,000,000 - 500,000) * 30% + (1,200,000 - 1,000,000)*0% = 590,000 USD","exchange-common-case-tip1":"The user hold 2,000,000 tokens A, token price=0.6 USD, then the effective collateral calculation formula is as follows:","exchange-common-formula1":"USD value = 2,000,000 * 0.6 = 1,200,000","tire-usd":"Tier (USD)","exchange-common-assets":"Assets","exchange-common-discountRate":"Cross Margin Discount Rate","discount-rate":"Discount Rate","exchange-common-case":"Case:","exchange-marginfee-transferin-tip":"We may suspend transfer in function for some coins during some extreme market movement","cross-margin-collateral-ratio":"Cross Margin Collateral Ratio","collateral-ratio":"Collateral Ratio","m-hour-int":"Hourly Interest","exchange-common-hourlyInterestYearlyInterestm-hour-int":"Hourly Interest / Yearly Interest","exchange-common-hourly-interestrate":"Hourly Interest","exchange-common-24h-repay-amount-usdt":"24H Repay Amount Value (USDT)","exchange-common-24h-borrow-amount":"24H Borrow Amount","exchange-common-24h-borrow-amount-usdt":"24H Borrow Amount Value (USDT)","exchange-common-market-data":"Market Data","exchange-common24h-repay-amount-usdt-total":"Total Repay Amount in the Past 24 Hours","exchange-common24h-borrow-amount-usdt-total":"Total Borrow Amount in the Past 24 Hours","exchange-common-24h-repay-amount":"24H Repay Amount","bnb-off-link":"BNB 5% off","exchange-common-7-days":"7 days","exchange-common-30-days":"30 days","exchange-common-annual-interest":"Last 30d Annual Interest","growth-of-margin-debt":"Growth of Margin Debt","growth-of-margin-debt-desc":"The growth of total debt of this particular coin in cross and isolated margin accounts.","long-short-user-ratio-desc":"The user ratio of long to short positions of this particular coin in cross and isolated margin accounts.","long-short-positions-ratio-desc":"The ratio of long to short positions of this particular coin in cross and isolated margin accounts.","long-short-user-ratio":"Long-short user ratio","long-short-positions-ratio":"Long-short positions ratio","cancel-btn":"Cancel","confirm-btn":"Confirm","export-interest-history-desc":"You can export data for the last year. If there are multiple interest rate records in a day, the largest interest rate data will be used.","export-interest-history-title":"Export Interest History","export-interest-history-btn":"Export","cross-margin-imr":"Initial Margin Rate","usd-borrowing-amount":"Position Bracket (Liability value in USDT)","liability-coin":"Liability Coin","cross-margin-mmr":"Maintenance Margin Rate","cross-margin-tier-data":"Cross Margin Pro Position Tiers","cross-margin-tier-data-tip3":"Cross Margin Pro Margin Level = (∑Net Collateral - ∑Open Order Loss) / ∑Maintenance Margin,Please refer to <primary href=\"/en/support/faq/introduction-to-binance-cross-margin-pro-0b5441a1c1ff431bb2e135dfa8e6ffba\">FAQ</primary> for detailed information.","cross-margin-tier-data-tip2":"The higher the debt, the lower the maximum leverage that can be used, and the higher the corresponding maintenance margin rate and minimum initial margin rate.","cross-margin-tier-data-tip1":"Different coins, based on their liquidity, have various tiers each with individual borrowing limits.","margin-happy-friday-seo-title":"Margin Funday Friday | Binance Margin","margin-happy-friday-seo-description":"TGIF - Thank God It's Friday ! Eligible users can get 20% of Binance Margin's incomes from trading fee every Friday. Trade or Borrow on Binance Margin, to get your rewards on Friday!","cross-margin-tier-data-desc":"Liability Coin leverage and margin requirements for Cross Margin Pro Mode. Please read the FAQ “<primary href=\"/support/faq/introduction-to-binance-cross-margin-pro-0b5441a1c1ff431bb2e135dfa8e6ffba\">Introduction to Binance Cross Margin Pro</primary>” for more details. Users need to complete the quiz to continue trading in Cross Margin Pro products.","cross-margin-maintenance-amount":"Maintenance Amount","exchange-common-notice2":"Please note that the Collateral Value will not impact your Margin Level in Cross Margin Classic Mode. It will continue to be calculated based on the total asset value without any haircuts. However, collateral haircuts are factored into Margin Level calculations for Cross Margin Pro Mode. For more information, please refer to: <primary href=\"/en/support/faq/binance-cross-margin-collateral-haircuts-4bec9126c021472285b20874f9380dfb\">Binance Cross Margin Collateral Haircuts</primary>.","exchange-common-notice1":"Please be aware that Binance will periodically adjust the collateral ratio. For the most recent information, refer to the data provided on the website.","cross-margin":"Cross Margin","margin-trading":"Margin Trading","exchange-common-available-amount-tips":"Updated every minute","cross-margin-tier-data-tip6":"• Required Maintenance Margin = ∑Maintenance Margin required by BTC liability + ∑Maintenance Margin required by ETH liability = 5,000*2.50%+(8,000-5,000)*3.00%+(10,000-8,000)*3.33%+(20,000-10,000)*3.85%+(30,000-20,000)*4.50%+(50,000-30,000)*5.00%+(100,000-50,000)*7.00%+ 5,000*2.50%+(8,000-5,000)*3.00%+(9,000-8,000)*3.33% = 5,616.60 + 248.30 = 5,864.90 USDT <br>• Required Maintenance Margin can also be calculated in a faster way by using the Maintenance Amount. Liability token Maintenance Margin = Token Liability in USDT * Maintenance Margin Rate - Maintenance Amount. So the Required Maintenance Margin = ∑Maintenance Margin required by BTC liability + ∑Maintenance Margin required by ETH liability = (100,000*7% - 1,383.40) + (9,000*3.33% - 51.40) = 5,864.90 USDT","m-annual-int":"Annual Interest","cross-margin-tier-data-tip5":"Example:<br>The user borrowed 1 BTC and 3 ETH. Suppose that BTC price = 100,000 USDT and ETH = 3,000 USDT, then the required Initial Margin and Maintenance Margin are calculated as follows:<br>• USDT value of BTC Liability = 1 * 100,000 = 100,000, which falls in Tier 7. USDT value of ETH Liability = 3 * 3,000 = 9,000, which falls in Tier 3.<br>• Required ∑Initial Margin = ∑Initial Margin required by BTC liability + ∑Initial Margin required by ETH liability= 5,000*5.27%+(8,000-5,000)*5.89%+(10,000-8,000)*6.67%+(20,000-10,000)*7.7%+(30,000-20,000)*9.10%+(50,000-30,000)*11.12%+(100,000-50,000)*14.29%+ 5,000*5.27%+(8,000-5,000)*5.89%+(9,000-8,000)*6.67% = 11,622.60 + 506.90 = 12,129.50 USDT<br>","exchange-common-available-amount":"Available Amount","cross-margin-tier-data-desc2":"Maximum leverage is temporarily reduced to 6x, and the Initial Margin Rate is 20% for 6x. The Maintenance Margin Rate remains the same for all tiers of liability amount.","margin-UAE-compliance-modal-tips":"Leverages above 3x are not applicable to residents of the UAE.","margin-UAE-compliance-banner-tips":"Risk Warning: The value of your investment can go down or up, and you may not get back the amount invested. Margin trading carries substantial risk and amplifies both losses and profits. All of your margin balance may be liquidated if prices move against you. Binance will not be liable for any losses you incur. For more information, see our Terms of Use, Margin Service Terms, and Risk Warning.","bnb-off-link1":"*5% discount when using BNB to pay interest","bnb-off-link2":"Interest rate displayed includes BNB 5% off when using BNB to pay Interest","exchange-swap-cross-asset":"To support the {{assetName}} Token Swap and Rebranding, Binance will remove {{assetName}} from Cross Margin on {{delistTime}}.","exchange-swap-isolated-pair":"To support the {{assetName}} Token Swap and Rebranding. Binance will remove {{pair}} from Isolated Margin on {{delistTime}}.","margin-calculate-method":"Calculate Method","margin-cmr-data":"Cross Margin Data","margin-iso-data":"Isolated Margin Data","market-data-seo-title":"Market Data","auto-invest-go-to-recurring":"BNB to Pay Interest","price-index-seo-title":"Price Index","margin-prelist-time":"The coin will allow transfer in and be borrowable at {{time}} (UTC)","margin-prelist-transfer-time":"The coin will allow transfer in at {{time}} (UTC)","margin-prelist-borrow-time":"The coin will be borrowable at {{time}} (UTC)","institutional-loan":"Institutional Loan","margin-percentage":"Percentage","margin-references":"References","margin-price":"Price","margin-exchange":"Exchange","cross-margin-collateral-ratio-disclaimer":"Binance reserves the right to modify the Cross Margin Collateral Ratio from time to time, without prior notice, in its sole and absolute discretion. Please ensure you regularly check the Cross Margin Collateral Ratio page for any updates.","cross-margin-tier-data-disclaimer":"Binance reserves the right to modify Cross Margin Pro Position Tiers from time to time, without prior notice, in its sole and absolute discretion. Please ensure you regularly check the Cross Margin Pro Position page for any updates.","margin-trading-headline":"Enhance Your Capital Efficiency with Crypto Margin Trading","new-listed-pairs":"New listed pairs","isolated-margin-desc":"Up to 10x Leverage; Accounts are split at pair level; Risks are independently","register":"Register Now","cross-margin-pro":"Cross Margin Pro","cross-margin-pro-desc":"Up to 10x (or 20x) Leverage; Tokens are collectively used as collateral; Risk is shared by entire account","cross-margin-classic":"Cross Margin Classic","portfolio-margin":"Portfolio Margin","share-to-friends":"Share to Friends","client-protection":"Client Protection","cross-margin-classic-desc":"Up to 5x Leverage; Tokens are collectively used as collateral; Risk is shared by entire account","unified-wallet":"Unified Wallet","app-tutorial":"App Tutorial","portfolio-margin-desc":"Same collateral across 3 trading products synchronously: USDⓈ-M Futures, COIN-M Futures, and Cross Margin. Experience streamlined operations.","web-tutorial":"Web Tutorial","greater-capital-efficiency":"Greater Capital Efficiency","greater-flexibility":"Greater Flexibility","enroll-me":"Enroll Me","competition-period":"Competition period: {{startTime}} to {{endTime}}","auto-top-up-customized-margin-call-level-desc":"These help you adjust your positions on time to mitigate liquidation risks.","learn-more":"Learn More","auto-top-up-customized-margin-call-level":"Auto Top-up and Customized Margin Call Level","trade-now":"Trade Now","better-risk-control":"Better Risk Control","choose-your-preferred-product":"Choose your preferred product","top-3-movers":"Top 3 Movers (24h Volume)","what-is-binance-margin-trading":"What is Binance Margin Trading?","new-token-unlocks":"New token unlocks","margin-ongoing-activities":"Margin Ongoing Activities","copied-share":"Copied to clipboard and ready to share!","login":"Log In","margin-bm-desc1":"Binance Margin trading is a method of trading assets via the spot orderbook using funds borrowed from Binance. Traders can amplify trading results by accessing greater sums of capital to leverage their positions.","isolated-margin":"Isolated Margin","last-price":"Last Price","name":"Name","24h-change":"24h Change","next-unlock":"Next Unlock Date","hot-coins":"Hot Coins","next-unlock1":"Next Unlock","institutional-loan-title":"Access up to 4x leverage with a consolidated Credit Facility","institutional-loan-desc":"A Credit Facility that consolidates collateral across sub-accounts and wallets","benefits-and-criteria":"Benefits and Criteria","benefits":"BENEFITS","criteria":"CRITERIA","increased-capital-efficiency":"Increased Capital Efficiency","extensive-collateral-options":"Extensive Collateral Options","extensive-collateral-options-desc":"Choose from over 400 collateral assets, subject to standard haircut policies for Portfolio and Cross Margin collaterals. Spot-supported assets are exempt from haircuts.","spot-likelatency":"Spot-Like Latency","interest-free-option-desc":"Institutional Loans offer the opportunity to secure 0% interest financing through an interest rebate program upon meeting defined performance criteria.","flexible-and-efficient-lending":"Flexible and Efficient Lending","flexible-structure-desc2":"Sub Account 1, Sub Account 2, and Sub Account 3 are the collateral accounts for Institutional Loan Sub Account 4.","sub-Account":"Sub-Account","pm-wallet":"PM Wallet","cm-wallet":"CM Wallet","spot-wallet":"Spot Wallet","frequently-asked-questions":"Frequently Asked Questions","view-all":"View All","ready-to-start-institutional-loan":"Ready to start Institutional Loan?","disclaimer-and-risk-warning":"Disclaimer and Risk Warning","inst-loan-faq1-ans":"Users can have 5 at the same time.","inst-loan-faq2":"What sub accounts & wallets can be used as collateral accounts?","inst-loan-faq3-ans":"You can allocate up to 10 sub-accounts as collateral accounts for any given Risk Unit.","inst-loan-faq4":"Are there any account restrictions while the institutional loan is active?","vip5-and-above":"VIP 5 and above","users-meet-requirements":"Users Who Meet Binance Margin Eligibility Requirements","users-meet-requirements-desc":"For further information,  please contact your KAC.","spot-likelatency-desc":"By utilizing Portfolio Margin Pro paired with Margin Special Key, users can experience spot-like latency in margin trading, ensuring rapid and efficient transaction execution.","account-flexibility":"Account Flexibility","account-flexibility-desc":"The Institutional Loan account can be structured as either a Cross Margin,  Portfolio Margin or Portfolio Margin Pro account,  offering users flexible trading on Binance's Margin and Futures markets.","interest-free-option":"Interest-Free Option","flexible-and-efficient-lending-desc":"Unlike standard Margin and Futures products that rely on collateral from a single account, Binance Institutional Loans offer far greater flexibility.","flexible-structure":"Flexible Structure","flexible-structure-desc1":"Supports cross-collateralization across multiple sub-accounts - including Spot, Cross Margin, and Portfolio accounts—removing the single-account limitation of traditional margin products. The Institutional Loan acts as a Credit Facility, allowing users to select multiple sub-accounts and wallets as collateral.","major-uid":"Major UID","disclaimer-and-risk-warning-desc":"Digital asset prices are subject to high market risk and price volatility. The information provided does not constitute, in any way, a solicitation or recommendation or inducement to buy or sell the products. The value of your investment may go down or up, and you may not get back the amount invested. Futures trading is subject to high market risk and all of your margin balance may be liquidated in the event of adverse price movement. The institutional loan contributes to providing greater leverage than a regular margin account or cross margin account, and greater leverage creates greater losses in the event of adverse market conditions. There is increased risk that a user's margin positions and/or futures positions will be liquidated involuntarily, causing possible loss. Comments and analysis do not constitute a commitment or guarantee on the part of Binance. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. This product may not be available in certain countries and to certain users. This content is not intended for users/countries to which prohibitions/restrictions apply. For more information, see our <link1>Institutional Lending Terms</link1>,<link2>Binance Terms of Use</link2> and <link3>Risk Warning</link3>.","inst-loan-faq1":"What is the maximum number of institutional loan accounts and/or risk units a user can have simultaneously?","inst-loan-faq2-ans":"Broker, Managed Sub Accounts, Fund Manager, and Binance Wealth tagged sub-accounts are not eligible to be used as collateral accounts. Additionally, any account currently serving as a collateral account for VIP Loan, Flexible Rate Loan, or Flexline products cannot be used as a collateral account for the institutional loan account.","inst-loan-faq3":"What is the maximum number of sub-accounts I can designate as a collateral account?","inst-loan-faq4-ans":"The Withdrawal Restriction Multiplier determines the share of funds to be frozen in the parent account by taking the higher value between the Pre-set Frozen Multiplier (usually 0 by default) and the amount of collateral held within the margin accounts. Please Note: Collateral held within spot accounts is excluded","entity-verification-completed":"Entity Verification Completed","interest-free-option-desc-link":"Institutional Loans offer the opportunity to secure 0% interest financing through an interest rebate program upon meeting defined <link1>performance criteria</link1>.","increased-capital-efficiency-desc":"Extensive Collateral Options Cross-collateralization across up to 10 sub-account UIDs, secured by net equity from Spot, Cross Margin, and Portfolio Margin wallets, providing
 up to 4x leverage.","contact-us":"Contact Us","institutional-margin-trd-seo-title":"Institutional Crypto Loans by Binance | Up to 4× Leverage for Large Investors","institutional-margin-trd-seo-desc":"Access Institutional Crypto Loans designed for enterprises. Our 4x leverage credit facility streamlines collateral management, optimizing capital efficiency in crypto lending.","margin-trd-seo-desc-1":"Experience seamless crypto margin trading on Binance with real-time risk control, low fees, and 24/7 liquidity. Open your account now and maximize your trading potential.","margin-trd-seo-title-1":"Crypto Margin Trading | Trade with Leverage on Binance","institutional-crypto-loans":"Institutional Crypto Loans","crypto-lending":"Crypto Lending","what-are-crypto-loans":"What Are Crypto Loans?","borrow-collateral-ratio":"Borrow Collateral Ratio","exchange-common-notice1b":"Example: How to calculate the Collateral Value by using Collateral Ratio","base-risk-liquidation-ratio":"Risk-Based Liquidation Ratio","exchange-common-notice1a":"Binance Margin uses different collateral ratios to calculate your max borrow limit and max transfer-out amount.","liquidation-collateral-ratio":"Liquidation Collateral Ratio","liquidation-collateral-ratio-tier":"Liquidation Collateral Ratio Tier (USD)","borrow-collateral-ratio-tier":"Borrow Collateral Ratio Tier (USD)","transfer-out-collateral-ratio-tier":"Transfer-out Collateral Ratio Tier (USD)","exchange-common-notice1c":"By using the calculation method in the example above, you can calculate the collateral value and then the margin levels accordingly. The collateral values of max borrow and max transfer-out are different because the ratios are different. As a result, the Borrow Margin Level and the Transfer-out Margin Level are also different.”","transfer-out-collateral-ratio":"Transfer-out Collateral Ratio","risk-based-liquidation-notice":"Binance may apply a risk-based liquidation adjustment to each item of collateral as part of the Cross and Isolated Margin liquidation process, calculated by applying the relevant Risk-Based Liquidation Ratio to its market value at the time of liquidation, as determined by Binance.","applied-for-cm-pro-only":"Applied for CM Pro liquidation and borrow","agree-to-confirm":"Agree to confirm","already-signed":"Already Signed","long-short-user-ratio-desc1":"<p>The user ratio of long to short positions of this particular coin in cross and isolated margin accounts.</p><br/><h6>Formula:</h6><p>Long-Short User Ratio = Long user / Short user</p><br/><h6>Where:</h6><ul><li>Long user is the total number of users whose net asset value for the asset is positive</li><li>Short user is the total number of users whose net asset value for the asset is negative</li></ul>","long-short-positions-ratio-desc1":"<p>The ratio of long to short positions of this particular coin in cross and isolated margin accounts.</p><br/><h6>Formula:</h6><p>Long-Short Position Ratio = Long Position / Short Position</p><br/><h6>Where:</h6><ul><li>Long Position is the coin with positive net asset value</li><li>Short Position is the coin with negative net asset value</li></ul>","growth-of-margin-debt-desc1":"<p>The growth of total debt of this particular coin in cross and isolated margin accounts.</p><br/><h6>Formula:</h6><p>Margin Debt Growth = (B<sub>t</sub>−B<sub>t−1</sub>) / B<sub>t−1</sub></p><br/><h6>Where:</h6><ul><li>B<sub>t</sub> = borrowed amount at time t.</li><li>B<sub>t-1</sub> = borrowed amount at the previous time period.</li></ul><br/><h6>Timeframes:</h6><ul><li>For 30-day chart, the growth from yesterday to today (UTC+0)</li><li>For 24-hour chart, the growth from previous hour to current hour</li></ul>","special-key-terms-confirm":"I have read, understood, and agree to the Margin Special Key Supplemental Product Terms.","scroll-down-to-confirm":"Scroll down to confirm"}