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Binance now extends bStocks margin collateral eligibility to all users

PANews reported on September 21 that, according to an official announcement, Binance has extended bStocks margin collateral eligibility to the Cross Margin Accounts and Unified Margin Accounts of all users. Regular users, VIP 1, and VIP 2 users must complete a suitability assessment questionnaire before using bStocks as collateral or conducting bStocks margin trading. When an account exceeds a certain risk threshold, the platform will impose restrictions, including restricting additional bStocks transfers, restricting the purchase or borrowing of low- and medium-liquidity assets, restricting the opening of new futures positions and adjusting leverage (only reduce-only mode is permitted), and suspending the automatic top-up function for bStocks and low- and medium-liquidity assets. Once the account returns to a safe risk level, the above restrictions will be automatically lifted. In addition, VIP 3 and above users are not subject to the above risk-control measures.

Source: https://www.panewslab.com/zh/articles/01a0c322-fcc4-7110-8438-f0d48741e769