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class="header-menu-item rwd-1024-hide-flex"><a class="header-menu-item_view typography-Subtitle4" id="ba-titile2-2" href="https://www.binance.com/en/crypto/buy">Buy Crypto</a></div><div class="header-menu-item rwd-1024-hide-flex"><a class="header-menu-item_view typography-Subtitle4" id="ba-tableMarkets" href="https://www.binance.com/en/markets/overview">Markets</a></div><div class="header-menu-item header-dropdown-menu rwd-1024-hide-flex header-menu-align_frist"><span id="ba-trade" class="header-menu-item_view typography-Subtitle4">Trade<svg class="bn-svg header-menu-item_dropdown-icon" viewBox="0 0 24 24" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M12.11 12.178L16 8.287l1.768 1.768-5.657 5.657-1.768-1.768-3.889-3.889 1.768-1.768 3.889 3.89z" fill="currentColor"></path></svg></span><div class="header-menu-subgrid header-menu-subgrid-2"><ul class="header-menu-subgrid-group"><div class="typography-Subtitle4 header-menu-subgrid-group-li color-t_disabled">Basic</div><li class="header-menu-subgrid-group-li"><a class="header-nav-subitem" href="https://www.binance.com/en/trade/BTC_USDT?type=spot" target="_self" id="ba-spot-only"><div class="header-nav-subicon_warp"><svg class="header-nav-subicon_icon" xmlns="http://www.w3.org/2000/svg" fill="currentColor"><use xlink:href="#Spot2C"></use></svg></div><div class="header-nav-subitemtext"><div class="header-nav-subtitle"><div class="typography-Subtitle4">Spot</div><svg class="bn-svg header-nav-subarrow" viewBox="0 0 24 24" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M21 11.999l-7.071-7.071-1.768 1.768 4.055 4.054H2.999v2.5h13.216l-4.054 4.053 1.768 1.768L21 12v-.001z" fill="currentColor"></path></svg></div><p class="header-nav-subdesc typography-caption1">Buy and sell on the Spot market with advanced tools</p></div></a></li><li class="header-menu-subgrid-group-li"><a class="header-nav-subitem" href="https://www.binance.com/en/trade?type=cross" target="_self" id="ba-margin"><div class="header-nav-subicon_warp"><svg class="header-nav-subicon_icon" xmlns="http://www.w3.org/2000/svg" fill="currentColor"><use xlink:href="#Margin2C"></use></svg></div><div class="header-nav-subitemtext"><div class="header-nav-subtitle"><div class="typography-Subtitle4">Margin</div><svg class="bn-svg header-nav-subarrow" viewBox="0 0 24 24" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M21 11.999l-7.071-7.071-1.768 1.768 4.055 4.054H2.999v2.5h13.216l-4.054 4.053 1.768 1.768L21 12v-.001z" fill="currentColor"></path></svg></div><p class="header-nav-subdesc typography-caption1">Increase your profits with leverage</p></div></a></li><li class="header-menu-subgrid-group-li"><a class="header-nav-subitem" href="https://p2p.binance.com/en" target="_self" id="ba-titile2-1"><div class="header-nav-subicon_warp"><svg class="header-nav-subicon_icon" xmlns="http://www.w3.org/2000/svg" fill="currentColor"><use xlink:href="#P2P2C"></use></svg></div><div class="header-nav-subitemtext"><div class="header-nav-subtitle"><div class="typography-Subtitle4">P2P</div><svg class="bn-svg header-nav-subarrow" viewBox="0 0 24 24" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M21 11.999l-7.071-7.071-1.768 1.768 4.055 4.054H2.999v2.5h13.216l-4.054 4.053 1.768 1.768L21 12v-.001z" fill="currentColor"></path></svg></div><p class="header-nav-subdesc typography-caption1">Buy & sell cryptocurrencies using bank transfer and 800+ options</p></div></a></li><li class="header-menu-subgrid-group-li"><a class="header-nav-subitem" href="https://www.binance.com/en/convert" target="_self" id="ba-convert-block"><div class="header-nav-subicon_warp"><svg class="header-nav-subicon_icon" xmlns="http://www.w3.org/2000/svg" fill="currentColor"><use xlink:href="#Convert2C"></use></svg></div><div class="header-nav-subitemtext"><div class="header-nav-subtitle"><div class="typography-Subtitle4">Convert & Block Trade</div><svg class="bn-svg header-nav-subarrow" viewBox="0 0 24 24" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M21 11.999l-7.071-7.071-1.768 1.768 4.055 4.054H2.999v2.5h13.216l-4.054 4.053 1.768 1.768L21 12v-.001z" fill="currentColor"></path></svg></div><p class="header-nav-subdesc typography-caption1">The easiest way to trade at all sizes</p></div></a></li></ul><ul class="header-menu-subgrid-group"><div class="typography-Subtitle4 header-menu-subgrid-group-li color-t_disabled">Advanced</div><li class="header-menu-subgrid-group-li"><a class="header-nav-subitem" href="https://www.binance.com/en/trading-bots" target="_self" id="ba-StrategyTrading"><div class="header-nav-subicon_warp"><svg class="header-nav-subicon_icon" xmlns="http://www.w3.org/2000/svg" fill="currentColor"><use xlink:href="#TradingBot2C"></use></svg></div><div class="header-nav-subitemtext"><div class="header-nav-subtitle"><div class="typography-Subtitle4">Trading Bots</div><svg class="bn-svg header-nav-subarrow" viewBox="0 0 24 24" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M21 11.999l-7.071-7.071-1.768 1.768 4.055 4.054H2.999v2.5h13.216l-4.054 4.053 1.768 1.768L21 12v-.001z" fill="currentColor"></path></svg></div><p class="header-nav-subdesc typography-caption1">Trade smarter with our various automated strategies - easy, fast and reliable</p></div></a></li><li class="header-menu-subgrid-group-li"><a class="header-nav-subitem" href="https://www.binance.com/en/copy-trading" target="_self" id="ba-copy-trading"><div class="header-nav-subicon_warp"><svg class="header-nav-subicon_icon" xmlns="http://www.w3.org/2000/svg" fill="currentColor"><use xlink:href="#CopyTrading2C"></use></svg></div><div class="header-nav-subitemtext"><div class="header-nav-subtitle"><div class="typography-Subtitle4">Copy Trading</div><svg class="bn-svg header-nav-subarrow" viewBox="0 0 24 24" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M21 11.999l-7.071-7.071-1.768 1.768 4.055 4.054H2.999v2.5h13.216l-4.054 4.053 1.768 1.768L21 12v-.001z" fill="currentColor"></path></svg></div><p class="header-nav-subdesc typography-caption1">Follow the most popular traders</p></div></a></li><li class="header-menu-subgrid-group-li"><a class="header-nav-subitem" href="https://www.binance.com/en/binance-api" target="_self" id="header-tier2-api"><div class="header-nav-subicon_warp"><svg class="header-nav-subicon_icon" xmlns="http://www.w3.org/2000/svg" fill="currentColor"><use xlink:href="#Api2C"></use></svg></div><div class="header-nav-subitemtext"><div class="header-nav-subtitle"><div class="typography-Subtitle4">APIs</div><svg class="bn-svg header-nav-subarrow" viewBox="0 0 24 24" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M21 11.999l-7.071-7.071-1.768 1.768 4.055 4.054H2.999v2.5h13.216l-4.054 4.053 1.768 1.768L21 12v-.001z" fill="currentColor"></path></svg></div><p class="header-nav-subdesc typography-caption1">Unlimited opportunities with one key</p></div></a></li></ul></div></div><div class="header-menu-item header-dropdown-menu rwd-1024-hide-flex center"><a class="header-menu-item_view typography-Subtitle4" id="ba-binanceFutrue" href="https://www.binance.com/en/futures/home">Futures<svg class="bn-svg header-menu-item_dropdown-icon" viewBox="0 0 24 24" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M12.11 12.178L16 8.287l1.768 1.768-5.657 5.657-1.768-1.768-3.889-3.889 1.768-1.768 3.889 3.89z" fill="currentColor"></path></svg></a><div class="header-menu-subgrid header-menu-subgrid-1"><ul class="header-menu-subgrid-group"><li class="header-menu-subgrid-group-li"><a class="header-nav-subitem" href="https://www.binance.com/en/futures" target="_self" id="ba-perpetualFutures"><div class="header-nav-subicon_warp"><svg class="header-nav-subicon_icon" xmlns="http://www.w3.org/2000/svg" fill="currentColor"><use xlink:href="#FuturesUsdtM2C"></use></svg></div><div class="header-nav-subitemtext"><div class="header-nav-subtitle"><div class="typography-Subtitle4">USDⓈ-M Futures</div><svg class="bn-svg header-nav-subarrow" viewBox="0 0 24 24" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M21 11.999l-7.071-7.071-1.768 1.768 4.055 4.054H2.999v2.5h13.216l-4.054 4.053 1.768 1.768L21 12v-.001z" fill="currentColor"></path></svg></div><p class="header-nav-subdesc typography-caption1">Contracts settled in USDT and USDC</p></div></a></li><li class="header-menu-subgrid-group-li"><a class="header-nav-subitem" href="https://www.binance.com/en/delivery" target="_self" id="ba-quarterlyFutures"><div class="header-nav-subicon_warp"><svg class="header-nav-subicon_icon" xmlns="http://www.w3.org/2000/svg" fill="currentColor"><use xlink:href="#FuturesCoinM2C"></use></svg></div><div class="header-nav-subitemtext"><div class="header-nav-subtitle"><div class="typography-Subtitle4">COIN-M Futures</div><svg class="bn-svg header-nav-subarrow" viewBox="0 0 24 24" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M21 11.999l-7.071-7.071-1.768 1.768 4.055 4.054H2.999v2.5h13.216l-4.054 4.053 1.768 1.768L21 12v-.001z" fill="currentColor"></path></svg></div><p class="header-nav-subdesc typography-caption1">Contracts settled in cryptocurrency</p></div></a></li><li class="header-menu-subgrid-group-li"><a class="header-nav-subitem" href="https://www.binance.com/en/eoptions" target="_self" id="ba-voptions"><div class="header-nav-subicon_warp"><svg class="header-nav-subicon_icon" xmlns="http://www.w3.org/2000/svg" fill="currentColor"><use xlink:href="#FuturesOptionsEuropean2C"></use></svg></div><div class="header-nav-subitemtext"><div class="header-nav-subtitle"><div class="typography-Subtitle4">Options</div><svg class="bn-svg header-nav-subarrow" viewBox="0 0 24 24" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M21 11.999l-7.071-7.071-1.768 1.768 4.055 4.054H2.999v2.5h13.216l-4.054 4.053 1.768 1.768L21 12v-.001z" fill="currentColor"></path></svg></div><p class="header-nav-subdesc typography-caption1">USDT Options with limited downside and affordable entry</p></div></a></li></ul></div></div><div class="header-menu-item rwd-1024-hide-flex"><a class="header-menu-item_view typography-Subtitle4" id="ba-Earntitle" href="https://www.binance.com/en/earn">Earn</a></div><div class="header-menu-item header-dropdown-menu rwd-1024-hide-flex center"><a class="header-menu-item_view typography-Subtitle4" id="ba-Square" href="https://www.binance.com/en/square">Square<svg class="bn-svg header-menu-item_dropdown-icon" viewBox="0 0 24 24" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M12.11 12.178L16 8.287l1.768 1.768-5.657 5.657-1.768-1.768-3.889-3.889 1.768-1.768 3.889 3.89z" fill="currentColor"></path></svg></a><div class="header-menu-subgrid header-menu-subgrid-1"><ul class="header-menu-subgrid-group"><li class="header-menu-subgrid-group-li"><a class="header-nav-subitem" href="https://www.binance.com/en/square" target="_self" id="ba-Square"><div class="header-nav-subicon_warp"><svg class="header-nav-subicon_icon" xmlns="http://www.w3.org/2000/svg" fill="currentColor"><use xlink:href="#Feed2C"></use></svg></div><div class="header-nav-subitemtext"><div class="header-nav-subtitle"><div class="typography-Subtitle4">Square</div><svg class="bn-svg header-nav-subarrow" viewBox="0 0 24 24" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M21 11.999l-7.071-7.071-1.768 1.768 4.055 4.054H2.999v2.5h13.216l-4.054 4.053 1.768 1.768L21 12v-.001z" fill="currentColor"></path></svg></div><p class="header-nav-subdesc typography-caption1">Stay informed with everything crypto</p></div></a></li><li class="header-menu-subgrid-group-li"><a class="header-nav-subitem" href="https://academy.binance.com/en/learn-and-earn" target="_self" id="ba-academy-le"><div class="header-nav-subicon_warp"><svg class="header-nav-subicon_icon" xmlns="http://www.w3.org/2000/svg" fill="currentColor"><use xlink:href="#Academy2C"></use></svg></div><div class="header-nav-subitemtext"><div class="header-nav-subtitle"><div class="typography-Subtitle4">Academy (Learn & Earn)</div><svg class="bn-svg header-nav-subarrow" viewBox="0 0 24 24" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M21 11.999l-7.071-7.071-1.768 1.768 4.055 4.054H2.999v2.5h13.216l-4.054 4.053 1.768 1.768L21 12v-.001z" fill="currentColor"></path></svg></div><p class="header-nav-subdesc typography-caption1">Earn crypto by learning about blockchain</p></div></a></li><li class="header-menu-subgrid-group-li"><a class="header-nav-subitem" href="https://www.binance.com/en/blog" target="_self" id="ba-blog"><div class="header-nav-subicon_warp"><svg class="header-nav-subicon_icon" xmlns="http://www.w3.org/2000/svg" fill="currentColor"><use xlink:href="#Blog2C"></use></svg></div><div class="header-nav-subitemtext"><div class="header-nav-subtitle"><div class="typography-Subtitle4">Blog</div><svg class="bn-svg header-nav-subarrow" viewBox="0 0 24 24" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M21 11.999l-7.071-7.071-1.768 1.768 4.055 4.054H2.999v2.5h13.216l-4.054 4.053 1.768 1.768L21 12v-.001z" fill="currentColor"></path></svg></div><p class="header-nav-subdesc typography-caption1">Expand your knowledge and get the latest insights</p></div></a></li><li class="header-menu-subgrid-group-li"><a class="header-nav-subitem" href="https://www.binance.com/en/research" target="_self" id="ba-Research"><div class="header-nav-subicon_warp"><svg class="header-nav-subicon_icon" xmlns="http://www.w3.org/2000/svg" fill="currentColor"><use xlink:href="#Research2C"></use></svg></div><div class="header-nav-subitemtext"><div class="header-nav-subtitle"><div class="typography-Subtitle4">Research</div><svg class="bn-svg header-nav-subarrow" viewBox="0 0 24 24" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M21 11.999l-7.071-7.071-1.768 1.768 4.055 4.054H2.999v2.5h13.216l-4.054 4.053 1.768 1.768L21 12v-.001z" fill="currentColor"></path></svg></div><p class="header-nav-subdesc typography-caption1">Institutional-grade analysis, in-depth insights, and more</p></div></a></li></ul></div></div><div class="header-menu-item header-dropdown-menu rwd-1024-hide-flex center"><span id="ba-moreManagement" class="header-menu-item_view typography-Subtitle4">More<svg class="bn-svg header-menu-item_dropdown-icon" viewBox="0 0 24 24" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M12.11 12.178L16 8.287l1.768 1.768-5.657 5.657-1.768-1.768-3.889-3.889 1.768-1.768 3.889 3.89z" fill="currentColor"></path></svg></span><div class="header-menu-subgrid header-menu-subgrid-2"><ul class="header-menu-subgrid-group"><li class="header-menu-subgrid-group-li"><a class="header-nav-subitem" href="https://www.binance.com/en/vip-institutional-services" target="_self" id="ba-vip-institutional"><div class="header-nav-subicon_warp"><svg class="header-nav-subicon_icon" xmlns="http://www.w3.org/2000/svg" fill="currentColor"><use xlink:href="#Institutions2C"></use></svg></div><div class="header-nav-subitemtext"><div class="header-nav-subtitle"><div class="typography-Subtitle4">VIP & Institutional</div><svg class="bn-svg header-nav-subarrow" viewBox="0 0 24 24" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M21 11.999l-7.071-7.071-1.768 1.768 4.055 4.054H2.999v2.5h13.216l-4.054 4.053 1.768 1.768L21 12v-.001z" fill="currentColor"></path></svg></div><p class="header-nav-subdesc typography-caption1">Your trusted digital asset platform for VIPs and institutions</p></div></a></li><li class="header-menu-subgrid-group-li"><a class="header-nav-subitem" href="https://launchpad.binance.com/en" target="_self" id="ba-launchpad-launchpool"><div class="header-nav-subicon_warp"><svg class="header-nav-subicon_icon" xmlns="http://www.w3.org/2000/svg" fill="currentColor"><use xlink:href="#Launchpad2C"></use></svg></div><div class="header-nav-subitemtext"><div class="header-nav-subtitle"><div class="typography-Subtitle4">Launchpool</div><svg class="bn-svg header-nav-subarrow" viewBox="0 0 24 24" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M21 11.999l-7.071-7.071-1.768 1.768 4.055 4.054H2.999v2.5h13.216l-4.054 4.053 1.768 1.768L21 12v-.001z" fill="currentColor"></path></svg></div><p class="header-nav-subdesc typography-caption1">Discover and gain access to new token launches</p></div></a></li><li class="header-menu-subgrid-group-li"><a class="header-nav-subitem" href="https://www.binance.com/en/megadrop" target="_self" id="Megadrop"><div class="header-nav-subicon_warp"><svg class="header-nav-subicon_icon" xmlns="http://www.w3.org/2000/svg" fill="currentColor"><use xlink:href="#megadrop-2c-blk"></use></svg></div><div class="header-nav-subitemtext"><div class="header-nav-subtitle"><div class="typography-Subtitle4">Megadrop</div><svg class="bn-svg header-nav-subarrow" viewBox="0 0 24 24" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M21 11.999l-7.071-7.071-1.768 1.768 4.055 4.054H2.999v2.5h13.216l-4.054 4.053 1.768 1.768L21 12v-.001z" fill="currentColor"></path></svg></div><p class="header-nav-subdesc typography-caption1">Lock your BNB and complete Web3 quests for boosted airdrop rewards</p></div></a></li><li class="header-menu-subgrid-group-li"><a class="header-nav-subitem" href="https://pool.binance.com/en" target="_self" id="ba-pool"><div class="header-nav-subicon_warp"><svg class="header-nav-subicon_icon" xmlns="http://www.w3.org/2000/svg" fill="currentColor"><use xlink:href="#CloudMining2C"></use></svg></div><div class="header-nav-subitemtext"><div class="header-nav-subtitle"><div class="typography-Subtitle4">Mining Pool</div><svg class="bn-svg header-nav-subarrow" viewBox="0 0 24 24" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M21 11.999l-7.071-7.071-1.768 1.768 4.055 4.054H2.999v2.5h13.216l-4.054 4.053 1.768 1.768L21 12v-.001z" fill="currentColor"></path></svg></div><p class="header-nav-subdesc typography-caption1">Mine more rewards by connecting to the pool</p></div></a></li><li class="header-menu-subgrid-group-li"><a class="header-nav-subitem" href="https://www.binance.com/en/my/wallet/account/payment" target="_self" id="ba-Binance Pay"><div class="header-nav-subicon_warp"><svg class="header-nav-subicon_icon" xmlns="http://www.w3.org/2000/svg" fill="currentColor"><use xlink:href="#Pay2C"></use></svg></div><div class="header-nav-subitemtext"><div class="header-nav-subtitle"><div class="typography-Subtitle4">Pay</div><svg class="bn-svg header-nav-subarrow" viewBox="0 0 24 24" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M21 11.999l-7.071-7.071-1.768 1.768 4.055 4.054H2.999v2.5h13.216l-4.054 4.053 1.768 1.768L21 12v-.001z" fill="currentColor"></path></svg></div><p class="header-nav-subdesc typography-caption1">Send, receive and spend crypto</p></div></a></li><li class="header-menu-subgrid-group-li"><a class="header-nav-subitem" href="https://www.binance.com/en/loan" target="_self" id="ba-CryptoLoans"><div class="header-nav-subicon_warp"><svg class="header-nav-subicon_icon" xmlns="http://www.w3.org/2000/svg" fill="currentColor"><use xlink:href="#EarnLending2C"></use></svg></div><div class="header-nav-subitemtext"><div class="header-nav-subtitle"><div class="typography-Subtitle4">Loans</div><svg class="bn-svg header-nav-subarrow" viewBox="0 0 24 24" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M21 11.999l-7.071-7.071-1.768 1.768 4.055 4.054H2.999v2.5h13.216l-4.054 4.053 1.768 1.768L21 12v-.001z" fill="currentColor"></path></svg></div><p class="header-nav-subdesc typography-caption1">Get an instant loan secured by crypto assets</p></div></a></li></ul><ul class="header-menu-subgrid-group"><li class="header-menu-subgrid-group-li"><a class="header-nav-subitem" href="https://www.binance.com/en/nft/home" target="_self" id="ba-NFT"><div class="header-nav-subicon_warp"><svg class="header-nav-subicon_icon" xmlns="http://www.w3.org/2000/svg" fill="currentColor"><use xlink:href="#NftFi2C"></use></svg></div><div class="header-nav-subitemtext"><div class="header-nav-subtitle"><div class="typography-Subtitle4">NFT</div><svg class="bn-svg header-nav-subarrow" viewBox="0 0 24 24" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M21 11.999l-7.071-7.071-1.768 1.768 4.055 4.054H2.999v2.5h13.216l-4.054 4.053 1.768 1.768L21 12v-.001z" fill="currentColor"></path></svg></div><p class="header-nav-subdesc typography-caption1">Explore NFTs from creators worldwide</p></div></a></li><li class="header-menu-subgrid-group-li"><a class="header-nav-subitem" href="https://www.binance.com/en/fan-token" target="_self" id="ba-Fantoken"><div class="header-nav-subicon_warp"><svg class="header-nav-subicon_icon" xmlns="http://www.w3.org/2000/svg" fill="currentColor"><use xlink:href="#FanToken2C"></use></svg></div><div class="header-nav-subitemtext"><div class="header-nav-subtitle"><div class="typography-Subtitle4">Fan Token</div><svg class="bn-svg header-nav-subarrow" viewBox="0 0 24 24" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M21 11.999l-7.071-7.071-1.768 1.768 4.055 4.054H2.999v2.5h13.216l-4.054 4.053 1.768 1.768L21 12v-.001z" fill="currentColor"></path></svg></div><p class="header-nav-subdesc typography-caption1">Discover an all-new fandom and unlock unlimited fan experiences</p></div></a></li><li class="header-menu-subgrid-group-li"><a class="header-nav-subitem" href="https://www.binance.com/en/web3wallet" target="_self" id="ba-web3-wallet"><div class="header-nav-subicon_warp"><svg class="header-nav-subicon_icon" xmlns="http://www.w3.org/2000/svg" fill="currentColor"><use xlink:href="#DefiWallet2C"></use></svg></div><div class="header-nav-subitemtext"><div class="header-nav-subtitle"><div class="typography-Subtitle4">Web3 Wallet</div><svg class="bn-svg header-nav-subarrow" viewBox="0 0 24 24" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M21 11.999l-7.071-7.071-1.768 1.768 4.055 4.054H2.999v2.5h13.216l-4.054 4.053 1.768 1.768L21 12v-.001z" fill="currentColor"></path></svg></div><p class="header-nav-subdesc typography-caption1">Meet the next-generation Web3 wallet</p></div></a></li><li class="header-menu-subgrid-group-li"><a class="header-nav-subitem" href="https://www.bnbchain.org" target="_self" id="ba-bnbchain"><div class="header-nav-subicon_warp"><svg class="header-nav-subicon_icon" xmlns="http://www.w3.org/2000/svg" fill="currentColor"><use xlink:href="#BNB1C"></use></svg></div><div class="header-nav-subitemtext"><div class="header-nav-subtitle"><div class="typography-Subtitle4">BNB Chain</div><svg class="bn-svg header-nav-subarrow" viewBox="0 0 24 24" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M21 11.999l-7.071-7.071-1.768 1.768 4.055 4.054H2.999v2.5h13.216l-4.054 4.053 1.768 1.768L21 12v-.001z" fill="currentColor"></path></svg></div><p class="header-nav-subdesc typography-caption1">The most popular blockchain to build your own dApp</p></div></a></li><li class="header-menu-subgrid-group-li"><a class="header-nav-subitem" href="https://www.binance.charity" target="_self" id="ba-Charity"><div class="header-nav-subicon_warp"><svg class="header-nav-subicon_icon" xmlns="http://www.w3.org/2000/svg" fill="currentColor"><use xlink:href="#Charity2C"></use></svg></div><div class="header-nav-subitemtext"><div class="header-nav-subtitle"><div class="typography-Subtitle4">Charity</div><svg class="bn-svg header-nav-subarrow" viewBox="0 0 24 24" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M21 11.999l-7.071-7.071-1.768 1.768 4.055 4.054H2.999v2.5h13.216l-4.054 4.053 1.768 1.768L21 12v-.001z" fill="currentColor"></path></svg></div><p class="header-nav-subdesc typography-caption1">Blockchain empowers charity to be more transparent, efficient, and traceable</p></div></a></li></ul></div></div></div></header><div class="header-global-js-top-alert"><div class="header-global-js-top-alert__inner" id="header_global_js_wxgy34nj"></div></div></div></div><div id="__APP"><style 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class="css-1blp5cd">Introduction to Binance Options</h1><style data-emotion-css="c40kel">.css-c40kel{box-sizing:border-box;margin:0;min-width:0;font-weight:500;font-size:14px;line-height:20px;color:#EAECEF;padding-top:8px;}</style><div data-bn-type="text" class="css-c40kel">2020-12-23 16:20</div><style data-emotion-css="ujx439">.css-ujx439{box-sizing:border-box;margin:0;min-width:0;padding-top:40px;overflow-wrap:break-word;padding-bottom:64px;}.css-ujx439 img{max-width:526px;}.css-ujx439 a:not(.no-cover),.css-ujx439 a:not(.no-cover) > *,.css-ujx439 a:not(.no-cover) > * > *{color:#F0B90B;word-break:break-all;-webkit-text-decoration:none;text-decoration:none;}.css-ujx439 figure{margin-left:0;}.css-ujx439 figure + figure img{padding-top:0;padding-bottom:12px;}.css-ujx439 img{margin-left:0;}.css-ujx439 a:not(.no-cover):hover,.css-ujx439 a:not(.no-cover):hover > *{color:#F0B90B;-webkit-text-decoration:underline;text-decoration:underline;}.css-ujx439 div,.css-ujx439 h1,.css-ujx439 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data-emotion-css="whcap1">.css-whcap1{box-sizing:border-box;margin:0;min-width:0;padding-top:28px;padding-bottom:12px;font-size:16px;line-height:24px;font-weight:500;color:#1E2329;}@media screen and (min-width:768px){.css-whcap1{font-size:20px;line-height:24px;}}@media screen and (min-width:1024px){.css-whcap1{font-size:24px;line-height:24px;}}</style><h2 class="css-whcap1">An Overview of Binance Options </h2><div class="css-a15ggx">Binance Options provide individual and professional investors unparalleled access to crypto options trading with the following edges: </div><style data-emotion-css="7iasr7">.css-7iasr7{box-sizing:border-box;margin:0;min-width:0;padding-top:28px;padding-bottom:12px;font-size:14px;line-height:24px;font-weight:600;color:#1E2329;}@media screen and (min-width:768px){.css-7iasr7{font-size:16px;line-height:24px;}}@media screen and (min-width:1024px){.css-7iasr7{font-size:16px;line-height:24px;}}</style><h3 class="css-7iasr7">Stablecoin Options</h3><div class="css-a15ggx">Binance Options are priced and settled in stablecoin, which makes cost and profit calculations straightforward for investors. Unlike Coin-Margined Options, in periods of high volatility, Stablecoin Options allow investors to enter and exit positions stably and securely without having to worry about the nominal value of the underlying collateral drastically devaluing.</div><h3 class="css-7iasr7">Competitive Fees</h3><div class="css-a15ggx">Binance is the largest crypto exchange in the world, working closely with sophisticated market makers to provide Options traders with one of the lowest fees in the market. For more details on fees, please refer to <style data-emotion-css="li4l4s">.css-li4l4s{box-sizing:border-box;margin:0;min-width:0;display:inline;color:#F0B90B;}.css-li4l4s:visited{color:#F0B90B;}.css-li4l4s:hover{color:#F0B90B;opacity:0.5;}</style><a href="/en/support/faq/5326e5de61c34fed98abe28d2f175a23" class="css-li4l4s">Binance Options Trading Fees</a>.</div><h3 class="css-7iasr7">Low Capital Requirement </h3><div class="css-a15ggx">With Binance Options, traders only have to pay the required Options Premium to get the same exposure as holding an equivalent Futures or Spot position. As such, Options are a great way to make leverage trades due to the lower capital requirements.</div><h2 class="css-whcap1">What is the difference between Binance Futures and Binance Options?</h2><div class="css-a15ggx">Options are standardized contracts that allow investors to trade an underlying asset at a predetermined price before a specific date (the expiration date) without the obligation to do so. In comparison, Futures contracts obligate the contract holder and issuer to buy or sell the underlying asset on a specified future date.</div><div class="css-a15ggx">You can refer to the table below to learn more about the difference between trading Options and Futures on Binance.</div><h2 class="css-whcap1">Binance Futures vs Binance Options</h2><style data-emotion-css="1a6xoa0">.css-1a6xoa0{box-sizing:border-box;margin:0;min-width:0;displauy:-webkit-box;displauy:-webkit-flex;displauy:-ms-flexbox;displauy:flex;margin:auto;max-width:100%;overflow:auto;}</style><figure class="css-1a6xoa0"><style data-emotion-css="ao3q0e">.css-ao3q0e{box-sizing:border-box;margin:0;min-width:0;margin:auto;margin-bottom:24px;text-align:center;border-collapse:collapse;word-break:inherit;display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;overflow:auto;border-bottom:none;border-left:none;border-right:none;border-top:none;}@media screen and (min-width:768px){.css-ao3q0e{margin-bottom:32px;}}@media screen and (min-width:1024px){.css-ao3q0e{margin-bottom:32px;}}.css-ao3q0e tbody{border:1px solid #76808F;margin:auto;width:auto;display:block;overflow:auto;}.css-ao3q0e tr{height:44px;font-size:14px!important;text-align:left;}.css-ao3q0e tr:first-of-typer{height:40px;font-size:12px!important;line-height:40px;border-top:none;font-weight:700;}.css-ao3q0e td{border:1px solid #76808F;color:#1E2329;table-layout:fixed;padding-top:0;padding-bottom:0;padding-left:4px;padding-right:4px;}@media screen and (min-width:768px){.css-ao3q0e td{padding-left:8px;padding-right:8px;}}@media screen and (min-width:1024px){.css-ao3q0e td{padding-left:16px;padding-right:16px;}}.css-ao3q0e td:first-of-type{height:40px;}.css-ao3q0e td div{margin-bottom:0;font-size:14px;}</style><table class="css-ao3q0e"><tbody class="css-vurnku"><tr class="css-vurnku"><style data-emotion-css="15uvqtm">.css-15uvqtm{box-sizing:border-box;margin:0;min-width:0;border-bottom:1ptsolidt.primary;border-left:1ptsolidbg1;border-right:1ptsolidt.primary;border-top:1ptsolidbg1;padding:4pt7pt;vertical-align:top;}</style><td class="css-15uvqtm"></td><style data-emotion-css="1dbccbr">.css-1dbccbr{box-sizing:border-box;margin:0;min-width:0;padding-top:16px;padding-bottom:4px;border-bottom:1ptsolidt.primary;border-left:1ptsolidt.primary;border-right:1ptsolidt.primary;border-top:1ptsolidt.primary;padding:4pt7pt;vertical-align:top;}</style><td class="css-1dbccbr"><style data-emotion-css="1tgif09">.css-1tgif09{box-sizing:border-box;margin:0;min-width:0;font-size:14px;line-height:24px;padding-top:4px;padding-bottom:12px;color:#1E2329;text-align:center;}@media screen and (min-width:768px){.css-1tgif09{font-size:16px;line-height:28px;}}@media screen and (min-width:1024px){.css-1tgif09{font-size:16px;line-height:28px;}}</style><div class="css-1tgif09"><style data-emotion-css="1lohbqv">.css-1lohbqv{box-sizing:border-box;margin:0;min-width:0;font-weight:600;}</style><strong class="css-1lohbqv">Binance Futures</strong></div></td><td class="css-1dbccbr"><div class="css-1tgif09"><strong class="css-1lohbqv">Binance Options</strong></div></td></tr><tr class="css-vurnku"><style data-emotion-css="1idsgmf">.css-1idsgmf{box-sizing:border-box;margin:0;min-width:0;background-color:#181A20;border-bottom:1ptsolidt.primary;border-left:1ptsolidt.primary;border-right:1ptsolidt.primary;border-top:1ptsolidt.primary;padding:4pt7pt;text-align:center;}</style><td class="css-1idsgmf"><strong class="css-1lohbqv">Contract Modality</strong></td><style data-emotion-css="84y8eh">.css-84y8eh{box-sizing:border-box;margin:0;min-width:0;background-color:#181A20;border-bottom:1ptsolidt.primary;border-left:1ptsolidt.primary;border-right:1ptsolidt.primary;border-top:1ptsolidt.primary;padding:4pt7pt;vertical-align:top;}</style><td class="css-84y8eh"><style data-emotion-css="li43si">.css-li43si{box-sizing:border-box;margin:0;min-width:0;display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-flex-direction:column;-ms-flex-direction:column;flex-direction:column;font-size:14px;line-height:24px;color:#1E2329;padding-top:4px;padding-bottom:12px;}@media screen and (min-width:768px){.css-li43si{font-size:16px;line-height:24px;}}@media screen and (min-width:1024px){.css-li43si{font-size:16px;line-height:24px;}}</style><ul class="css-li43si"><style data-emotion-css="16ebybl">.css-16ebybl{box-sizing:border-box;margin:0;min-width:0;margin-bottom:4px;}@media screen and (min-width:768px){.css-16ebybl{margin-bottom:16px;}}@media screen and (min-width:1024px){.css-16ebybl{margin-bottom:16px;}}.css-16ebybl:last-child{margin-bottom:0;}</style><li class="css-16ebybl">Traders are obligated to buy or sell the underlying asset on a future date</li><li class="css-16ebybl">No expiry for Perpetual contracts</li><li class="css-16ebybl">Expiry for Delivery</li></ul></td><td class="css-84y8eh"><ul class="css-li43si"><li class="css-16ebybl">Options contracts only give traders the right but not the obligation to buy or sell the underlying asset</li><li class="css-16ebybl">Have expiration dates</li></ul></td></tr><tr class="css-vurnku"><td class="css-1idsgmf"><strong class="css-1lohbqv">Settlement Asset</strong></td><td class="css-84y8eh"><ul class="css-li43si"><li class="css-16ebybl">Stablecoin (USDTⓈ-M contracts)</li><li class="css-16ebybl">Coin (Coin-M)</li></ul></td><td class="css-84y8eh"><ul class="css-li43si"><li class="css-16ebybl">Stablecoin (USDT)</li></ul></td></tr><tr class="css-vurnku"><td class="css-1idsgmf"><strong class="css-1lohbqv">Margin Requirement</strong></td><td class="css-84y8eh"><ul class="css-li43si"><li class="css-16ebybl">Requires initial margin to open a position</li></ul></td><td class="css-84y8eh"><ul class="css-li43si"><li class="css-16ebybl">No margin requirement for Options buyers</li><li class="css-16ebybl">Options buyers only need to put up the required Options premium</li></ul></td></tr><tr class="css-vurnku"><td class="css-1idsgmf"><strong class="css-1lohbqv">Leverage and Liquidation Risk</strong></td><td class="css-84y8eh"><ul class="css-li43si"><li class="css-16ebybl">Insufficient margin can lead to <a href="https://www.binance.com/en/support/faq/7ba80e1b406f40a0a140a84b3a10c387" class="css-li4l4s">liquidation</a> for leverage trades</li></ul></td><td class="css-84y8eh"><ul class="css-li43si"><li class="css-16ebybl">No liquidation for Options Buyers</li><li class="css-16ebybl">Downside risk is limited to the Options Premium only</li></ul></td></tr><tr class="css-vurnku"><td class="css-1idsgmf"><strong class="css-1lohbqv">Upside / Downside Limits</strong></td><td class="css-84y8eh"><ul class="css-li43si"><li class="css-16ebybl">Unlimited Upside</li><li class="css-16ebybl">Downside capped at Margin Balance</li></ul></td><td class="css-84y8eh"><ul class="css-li43si"><li class="css-16ebybl">Downside is capped at the Option Premium</li><li class="css-16ebybl">Upside for Call Options is unlimited; Upside for Put Options is capped at Options Strike (underlying goes to 0)</li></ul></td></tr></tbody></table></figure><div class="css-a15ggx"><i class="css-vurnku">*Listing cycle and expiry availability are subject to change based on market demand. Please refer to the Binance Options trading page for the latest availability of option expiries.</i></div><div class="css-a15ggx">For more information about Binance Options, please refer to:</div><ul class="css-li43si"><li class="css-16ebybl"><a href="/en/support/faq/acc50814eb0f4beba3799643d8b7a0d4" class="css-li4l4s">What Is Options Trading</a></li><li class="css-16ebybl"><a href="/en/support/faq/6b0dc23370ee4153a6581355e92555c1" class="css-li4l4s">How to Trade Binance Options</a></li><li class="css-16ebybl"><a href="/en/support/faq/cdee5d43b70d4d2386980d41786a8533" class="css-li4l4s">Binance Options Contract Specifications</a></li><li class="css-16ebybl"><a href="/en/support/faq/dd7483da3da04f2da09256adf0fe2c10" class="css-li4l4s">Binance Options Mark Prices and Position Limits</a></li><li class="css-16ebybl"><a href="/en/support/faq/28b922eef0ce41189583dc184cdbd48f" class="css-li4l4s">Binance Options Listing Rules</a></li><li class="css-16ebybl"><a href="/en/support/faq/5326e5de61c34fed98abe28d2f175a23" class="css-li4l4s">Binance Options Trading Fees</a></li><li class="css-16ebybl"><a href="/en/support/faq/fe0be251ac014a8082e702f83d089e54" class="css-li4l4s">Binance Options API interface </a></li><li class="css-16ebybl"><a href="/en/support/faq/0b81ad7d8ae54d3f8d29a1ce66764fa1" class="css-li4l4s">Binance Options Market Maker Protection (MMP)</a></li><li class="css-16ebybl"><a href="/en/support/faq/456326b5f4cd45a296ae6e3acf262de7" class="css-li4l4s">Binance Options Frequently Asked Questions </a></li><li class="css-16ebybl"><a href="/en/support/faq/d2c1c4dbc7dd4aceafebb98ce956a180" class="css-li4l4s">Binance Options Service Agreement</a></li></ul></article></div></div><style data-emotion-css="1bzb8nq">.css-1bzb8nq{box-sizing:border-box;margin:0;min-width:0;display:none;}</style><aside class="css-1bzb8nq"><style 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nonce="56201f61-7fb6-44f6-82d1-027cf41574ab">{"dynamicIds":["nsO7","mHFr","vTXz","M5j3","/Lz3","r4I4","O94r","R3TX","jPI1","nvU9","N/Z2","fqkG","Zu1U","nn0X","cMO4","Y5bC","S8bp","eeEA","zEAf","OKx2","GmLw","VXBK","cJDP","C6y2","rLOQ","w/Qz","yhUQ","CKWX","iv/v","PyYO","Rkx7","cKr8","wTtH","rR/7","Y4Cr","jHYR","S+a5","a/Ou","Lp65","D4P9","Uwf1","P/al","RNvQ","sGJY","LF7v","Bcqe","S8o+","HDxn","45FU","EnIN","mLIB","N87B","vVcq","zaKA","X3o+","BgyB","bsa3","arW8","B8kT","jFlb","pYbT"],"ssr":true,"appState":{"error":{"error":null},"loader":{"dataByRouteId":{"a159":{"disableSeo":false,"isAmp":false,"finalPathWithoutLng":"/support/faq/introduction-to-binance-options-374321c9317c473480243365298b8706","theme":"dark"},"d9b2":{"articleDetail":{"id":42798,"title":"Introduction to Binance Options","body":"{\"node\":\"root\",\"child\":[{\"node\":\"element\",\"tag\":\"p\",\"child\":[{\"node\":\"element\",\"tag\":\"a\",\"attr\":{\"href\":\"https://fast.wistia.net/embed/iframe/gfudpeq251\"},\"child\":[{\"node\":\"text\",\"text\":\"Tutorial Video\"}]}]},{\"node\":\"element\",\"tag\":\"h3\",\"child\":[{\"node\":\"text\",\"text\":\"An Overview of Binance Options\u0026nbsp;\"}]},{\"node\":\"element\",\"tag\":\"p\",\"child\":[{\"node\":\"text\",\"text\":\"Binance Options provide individual and professional investors unparalleled access to crypto options trading with the following edges:\u0026nbsp;\"}]},{\"node\":\"element\",\"tag\":\"h4\",\"child\":[{\"node\":\"text\",\"text\":\"Stablecoin Options\"}]},{\"node\":\"element\",\"tag\":\"p\",\"child\":[{\"node\":\"text\",\"text\":\"Binance Options are priced and settled in stablecoin, which makes cost and profit calculations straightforward for investors. Unlike Coin-Margined Options, in periods of high volatility, Stablecoin Options allow investors to enter and exit positions stably and securely without having to worry about the nominal value of the underlying collateral drastically devaluing.\"}]},{\"node\":\"element\",\"tag\":\"h4\",\"child\":[{\"node\":\"text\",\"text\":\"Competitive Fees\"}]},{\"node\":\"element\",\"tag\":\"p\",\"child\":[{\"node\":\"text\",\"text\":\"Binance is the largest crypto exchange in the world, working closely with sophisticated market makers to provide Options traders with one of the lowest fees in the market. For more details on fees, please refer to \"},{\"node\":\"element\",\"tag\":\"a\",\"attr\":{\"href\":\"/en/support/faq/5326e5de61c34fed98abe28d2f175a23\"},\"child\":[{\"node\":\"text\",\"text\":\"Binance Options Trading Fees\"}]},{\"node\":\"text\",\"text\":\".\"}]},{\"node\":\"element\",\"tag\":\"h4\",\"child\":[{\"node\":\"text\",\"text\":\"Low Capital Requirement\u0026nbsp;\"}]},{\"node\":\"element\",\"tag\":\"p\",\"child\":[{\"node\":\"text\",\"text\":\"With Binance Options, traders only have to pay the required Options Premium to get the same exposure as holding an equivalent Futures or Spot position. As such, Options are a great way to make leverage trades due to the lower capital requirements.\"}]},{\"node\":\"element\",\"tag\":\"h3\",\"child\":[{\"node\":\"text\",\"text\":\"What is the difference between Binance Futures and Binance Options?\"}]},{\"node\":\"element\",\"tag\":\"p\",\"child\":[{\"node\":\"text\",\"text\":\"Options are standardized contracts that allow investors to trade an underlying asset at a predetermined price before a specific date (the expiration date) without the obligation to do so. In comparison, Futures contracts obligate the contract holder and issuer to buy or sell the underlying asset on a specified future date.\"}]},{\"node\":\"element\",\"tag\":\"p\",\"child\":[{\"node\":\"text\",\"text\":\"You can refer to the table below to learn more about the difference between trading Options and Futures on Binance.\"}]},{\"node\":\"element\",\"tag\":\"h3\",\"child\":[{\"node\":\"text\",\"text\":\"Binance Futures vs Binance Options\"}]},{\"node\":\"element\",\"tag\":\"figure\",\"attr\":{\"class\":\"table\"},\"child\":[{\"node\":\"element\",\"tag\":\"table\",\"attr\":{\"style\":\"border-bottom:none;border-left:none;border-right:none;border-top:none;\"},\"child\":[{\"node\":\"element\",\"tag\":\"tbody\",\"child\":[{\"node\":\"element\",\"tag\":\"tr\",\"child\":[{\"node\":\"element\",\"tag\":\"td\",\"attr\":{\"style\":[\"border-bottom:1pt\",\"solid\",\"#000000;border-left:1pt\",\"solid\",\"#ffffff;border-right:1pt\",\"solid\",\"#000000;border-top:1pt\",\"solid\",\"#ffffff;padding:4pt\",\"7pt;vertical-align:top;\"]},\"child\":[{\"node\":\"text\",\"text\":\"\u0026nbsp;\"}]},{\"node\":\"element\",\"tag\":\"td\",\"attr\":{\"style\":[\"border-bottom:1pt\",\"solid\",\"#000000;border-left:1pt\",\"solid\",\"#000000;border-right:1pt\",\"solid\",\"#000000;border-top:1pt\",\"solid\",\"#000000;padding:4pt\",\"7pt;vertical-align:top;\"]},\"child\":[{\"node\":\"element\",\"tag\":\"p\",\"attr\":{\"style\":\"text-align:center;\"},\"child\":[{\"node\":\"element\",\"tag\":\"strong\",\"child\":[{\"node\":\"text\",\"text\":\"Binance Futures\"}]}]}]},{\"node\":\"element\",\"tag\":\"td\",\"attr\":{\"style\":[\"border-bottom:1pt\",\"solid\",\"#000000;border-left:1pt\",\"solid\",\"#000000;border-right:1pt\",\"solid\",\"#000000;border-top:1pt\",\"solid\",\"#000000;padding:4pt\",\"7pt;vertical-align:top;\"]},\"child\":[{\"node\":\"element\",\"tag\":\"p\",\"attr\":{\"style\":\"text-align:center;\"},\"child\":[{\"node\":\"element\",\"tag\":\"strong\",\"child\":[{\"node\":\"text\",\"text\":\"Binance Options\"}]}]}]}]},{\"node\":\"element\",\"tag\":\"tr\",\"child\":[{\"node\":\"element\",\"tag\":\"td\",\"attr\":{\"style\":[\"background-color:#ffffff;border-bottom:1pt\",\"solid\",\"#000000;border-left:1pt\",\"solid\",\"#000000;border-right:1pt\",\"solid\",\"#000000;border-top:1pt\",\"solid\",\"#000000;padding:4pt\",\"7pt;text-align:center;\"]},\"child\":[{\"node\":\"element\",\"tag\":\"strong\",\"child\":[{\"node\":\"text\",\"text\":\"Contract Modality\"}]}]},{\"node\":\"element\",\"tag\":\"td\",\"attr\":{\"style\":[\"background-color:#ffffff;border-bottom:1pt\",\"solid\",\"#000000;border-left:1pt\",\"solid\",\"#000000;border-right:1pt\",\"solid\",\"#000000;border-top:1pt\",\"solid\",\"#000000;padding:4pt\",\"7pt;vertical-align:top;\"]},\"child\":[{\"node\":\"element\",\"tag\":\"ul\",\"child\":[{\"node\":\"element\",\"tag\":\"li\",\"child\":[{\"node\":\"text\",\"text\":\"Traders are obligated to buy or sell the underlying asset on a future date\"}]},{\"node\":\"element\",\"tag\":\"li\",\"child\":[{\"node\":\"text\",\"text\":\"No expiry for Perpetual contracts\"}]},{\"node\":\"element\",\"tag\":\"li\",\"child\":[{\"node\":\"text\",\"text\":\"Expiry for Delivery\"}]}]}]},{\"node\":\"element\",\"tag\":\"td\",\"attr\":{\"style\":[\"background-color:#ffffff;border-bottom:1pt\",\"solid\",\"#000000;border-left:1pt\",\"solid\",\"#000000;border-right:1pt\",\"solid\",\"#000000;border-top:1pt\",\"solid\",\"#000000;padding:4pt\",\"7pt;vertical-align:top;\"]},\"child\":[{\"node\":\"element\",\"tag\":\"ul\",\"child\":[{\"node\":\"element\",\"tag\":\"li\",\"child\":[{\"node\":\"text\",\"text\":\"Options contracts only give traders the right but not the obligation to buy or sell the underlying asset\"}]},{\"node\":\"element\",\"tag\":\"li\",\"child\":[{\"node\":\"text\",\"text\":\"Have expiration dates\"}]}]}]}]},{\"node\":\"element\",\"tag\":\"tr\",\"child\":[{\"node\":\"element\",\"tag\":\"td\",\"attr\":{\"style\":[\"background-color:#ffffff;border-bottom:1pt\",\"solid\",\"#000000;border-left:1pt\",\"solid\",\"#000000;border-right:1pt\",\"solid\",\"#000000;border-top:1pt\",\"solid\",\"#000000;padding:4pt\",\"7pt;text-align:center;\"]},\"child\":[{\"node\":\"element\",\"tag\":\"strong\",\"child\":[{\"node\":\"text\",\"text\":\"Settlement Asset\"}]}]},{\"node\":\"element\",\"tag\":\"td\",\"attr\":{\"style\":[\"background-color:#ffffff;border-bottom:1pt\",\"solid\",\"#000000;border-left:1pt\",\"solid\",\"#000000;border-right:1pt\",\"solid\",\"#000000;border-top:1pt\",\"solid\",\"#000000;padding:4pt\",\"7pt;vertical-align:top;\"]},\"child\":[{\"node\":\"element\",\"tag\":\"ul\",\"child\":[{\"node\":\"element\",\"tag\":\"li\",\"child\":[{\"node\":\"text\",\"text\":\"Stablecoin (USDTⓈ-M contracts)\"}]},{\"node\":\"element\",\"tag\":\"li\",\"child\":[{\"node\":\"text\",\"text\":\"Coin (Coin-M)\"}]}]}]},{\"node\":\"element\",\"tag\":\"td\",\"attr\":{\"style\":[\"background-color:#ffffff;border-bottom:1pt\",\"solid\",\"#000000;border-left:1pt\",\"solid\",\"#000000;border-right:1pt\",\"solid\",\"#000000;border-top:1pt\",\"solid\",\"#000000;padding:4pt\",\"7pt;vertical-align:top;\"]},\"child\":[{\"node\":\"element\",\"tag\":\"ul\",\"child\":[{\"node\":\"element\",\"tag\":\"li\",\"child\":[{\"node\":\"text\",\"text\":\"Stablecoin (USDT)\"}]}]}]}]},{\"node\":\"element\",\"tag\":\"tr\",\"child\":[{\"node\":\"element\",\"tag\":\"td\",\"attr\":{\"style\":[\"background-color:#ffffff;border-bottom:1pt\",\"solid\",\"#000000;border-left:1pt\",\"solid\",\"#000000;border-right:1pt\",\"solid\",\"#000000;border-top:1pt\",\"solid\",\"#000000;padding:4pt\",\"7pt;text-align:center;\"]},\"child\":[{\"node\":\"element\",\"tag\":\"strong\",\"child\":[{\"node\":\"text\",\"text\":\"Margin Requirement\"}]}]},{\"node\":\"element\",\"tag\":\"td\",\"attr\":{\"style\":[\"background-color:#ffffff;border-bottom:1pt\",\"solid\",\"#000000;border-left:1pt\",\"solid\",\"#000000;border-right:1pt\",\"solid\",\"#000000;border-top:1pt\",\"solid\",\"#000000;padding:4pt\",\"7pt;vertical-align:top;\"]},\"child\":[{\"node\":\"element\",\"tag\":\"ul\",\"child\":[{\"node\":\"element\",\"tag\":\"li\",\"child\":[{\"node\":\"text\",\"text\":\"Requires initial margin to open a position\"}]}]}]},{\"node\":\"element\",\"tag\":\"td\",\"attr\":{\"style\":[\"background-color:#ffffff;border-bottom:1pt\",\"solid\",\"#000000;border-left:1pt\",\"solid\",\"#000000;border-right:1pt\",\"solid\",\"#000000;border-top:1pt\",\"solid\",\"#000000;padding:4pt\",\"7pt;vertical-align:top;\"]},\"child\":[{\"node\":\"element\",\"tag\":\"ul\",\"child\":[{\"node\":\"element\",\"tag\":\"li\",\"child\":[{\"node\":\"text\",\"text\":\"No margin requirement for Options buyers\"}]},{\"node\":\"element\",\"tag\":\"li\",\"child\":[{\"node\":\"text\",\"text\":\"Options buyers only need to put up the required Options premium\"}]}]}]}]},{\"node\":\"element\",\"tag\":\"tr\",\"child\":[{\"node\":\"element\",\"tag\":\"td\",\"attr\":{\"style\":[\"background-color:#ffffff;border-bottom:1pt\",\"solid\",\"#000000;border-left:1pt\",\"solid\",\"#000000;border-right:1pt\",\"solid\",\"#000000;border-top:1pt\",\"solid\",\"#000000;padding:4pt\",\"7pt;text-align:center;\"]},\"child\":[{\"node\":\"element\",\"tag\":\"strong\",\"child\":[{\"node\":\"text\",\"text\":\"Leverage and Liquidation Risk\"}]}]},{\"node\":\"element\",\"tag\":\"td\",\"attr\":{\"style\":[\"background-color:#ffffff;border-bottom:1pt\",\"solid\",\"#000000;border-left:1pt\",\"solid\",\"#000000;border-right:1pt\",\"solid\",\"#000000;border-top:1pt\",\"solid\",\"#000000;padding:4pt\",\"7pt;vertical-align:top;\"]},\"child\":[{\"node\":\"element\",\"tag\":\"ul\",\"child\":[{\"node\":\"element\",\"tag\":\"li\",\"child\":[{\"node\":\"text\",\"text\":\"Insufficient margin can lead to \"},{\"node\":\"element\",\"tag\":\"a\",\"attr\":{\"href\":\"https://www.binance.com/en/support/faq/7ba80e1b406f40a0a140a84b3a10c387\"},\"child\":[{\"node\":\"text\",\"text\":\"liquidation\"}]},{\"node\":\"text\",\"text\":\" for leverage trades\"}]}]}]},{\"node\":\"element\",\"tag\":\"td\",\"attr\":{\"style\":[\"background-color:#ffffff;border-bottom:1pt\",\"solid\",\"#000000;border-left:1pt\",\"solid\",\"#000000;border-right:1pt\",\"solid\",\"#000000;border-top:1pt\",\"solid\",\"#000000;padding:4pt\",\"7pt;vertical-align:top;\"]},\"child\":[{\"node\":\"element\",\"tag\":\"ul\",\"child\":[{\"node\":\"element\",\"tag\":\"li\",\"child\":[{\"node\":\"text\",\"text\":\"No liquidation for Options Buyers\"}]},{\"node\":\"element\",\"tag\":\"li\",\"child\":[{\"node\":\"text\",\"text\":\"Downside risk is limited to the Options Premium 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Nothing on this website is intended to be construed as a solicitation of any individual in Hong Kong.","bn-pop-cancel":"Cancel","bn-pop-close":"Close","bn-pop-content1":"Please complete New Identity Verification before 2021-12-01 and receive a reward. If you do not pass verification by this date, your account will be restricted to: withdrawal only.","bn-pop-content2":"Please provide your source of wealth declaration. We will not be able to provide services before you submit the source of wealth declaration.","bn-pop-content3":"Your Source of Wealth Declaration did not meet our review requirements. Services have been suspended. Please resubmit your declaration.","bn-pop-continue":"Continue","bn-pop-linkContent":"New Identity Verification","bn-pop-proceed":"I Understand","bn-pop-reset-kyc-content":"To avoid account restrictions, please complete our new identity verification process. Please go to the verification center now to start the process. It should not take more than 5-10 minutes to complete.","bn-pop-startNow":"Start Now","bn-pop-title-1":"Verification Required","bn-pop-title-2":"Source of Wealth Declaration Required","bn-pop-title-3":"Source of Wealth Declaration Failed","bn-pop-tryAgain":"Try Again","bn-pop-verify-now":"Verify now","bn-pop-verifyNow":"Verify Now","bottom-keyclient":"Key Client Privileges","com_account_guide_kyc":"Complete verification to access Binance products and services.","com_account_guide_kyc_Voucher":"Plus, verify now and get a 500 BUSD Savings Trial Fund Voucher.","com_account_guide_learn_more":"Learn more","com_account_guide_verify":"Verify","com_header_btn_click_here":"Click here","com_header_btn_details":"Details","com_header_btn_disagree":"I Disagree","com_header_btn_start_now":"Start Now","com_header_btn_support":"Support","com_header_btn_try_again":"Try Again","com_header_btn_upload_now":"Upload Now","com_header_btn_view_details":"View Details","com_header_content_200004045":"Due to regulatory requirements, we require you to provide additional information.","com_header_contnet_200004082":"We noticed that your trade and withdrawal functions are temporarily suspended due to a dispute on your P2P order. We apologize for the inconvenience. Please click \"I Disagree\" below and our Customer Support team will assist you immediately.","com_header_contnet_3983":"In order to use this service, please first complete address verification.","com_header_contnet_3984":"Your address verification is under review. Thank you for your patience.","com_header_contnet_3985":"Your address verification has failed. We have emailed you explaining why this has happened. Please check the email before submitting your request again.","com_header_contnet_3986":"Unfortunately, our services are not available for your account. This could be due to country restrictions. We apologize for any inconvenience caused. You can withdraw assets from binance.com to binance.ca.","com_header_contnet_3987":"In order to enhance our services and ensure the accuracy of your account information, we kindly request your cooperation in providing some additional information. Please click \"Start Now\" to begin the process.","com_header_contnet_3992 content":"Some balances on your account have been temporarily frozen. Potential reasons for freezing may include, security concerns or potential violations of our Terms of Use. Please try again after 24 hours.","com_header_contnet_4001":"Your ID document expires soon. Please upload a new ID before the current one expires, or your Binance account will be restricted to “Withdrawal Only” mode.","com_header_contnet_4002":"Your ID document has expired. Please upload a new one now, or your Binance account will be restricted to “Withdrawal Only” mode 30 days after the expiration date of the ID document.","com_header_contnet_4003":"Please complete your Source of Wealth verification. Service access may be restricted until this is finished.","com_header_contnet_4004":"Source of Wealth verification failed. Please resubmit your application.","com_header_contnet_4005":"Source of Wealth verification is under review.","com_header_contnet_4013":"To meet our global standards, we need you to update your information. You will need to provide this information to continue using fiat channels as usual. All other products and services will continue to be available.","com_header_contnet_4014":"We have noticed that you have not yet provided your Tax ID. Please note that Binance is required by law to collect this information.","com_header_contnet_4042_1":"You have been invited to become a Verification Collaborator by an entity. As a collaborator, you will be able to provide certain required information to help the entity pass the enterprise verification process.","com_header_contnet_4042_2":"If you would like to become a Verification Collaborator, please click \"View Details\" below. You will be redirected to the start of enterprise verification process.","com_header_contnet_4069":"Action Required: Please complete the Binance Japan Verification Process.","com_header_contnet_4070":"Please convert, liquidate, or withdraw any impermissible assets by Nov 30th 2023, or earlier (if advised).","com_header_contnet_52":"We are unable to provide services to users who are residing in restricted countries/regions. If you have changed addresses, please complete verification again. If you cannot provide a verified address outside of restricted areas, please withdraw funds from your account.","com_header_contnet_53":"It seems that you are attempting to access our services from a restricted area. Please upload your Proof of Address to continue using our services.","com_header_contnet_54":"Your address verification is under review. Thank you for your patience.","com_header_contnet_55":"Your address verification has failed. Please refer to your email for the reason before submitting your request again.","com_header_contnet_56":"We are unable to serve business accounts registered in restricted countries/regions. If your business registration address has changed, please contact our customer service representatives.","com_header_contnet_66":"You are required to complete the application for this product and Wholesale Assessment before trading.","com_header_contnet_67":"You must complete Wholesale Assessment before trading these products.","com_header_contnet_68":"We are currently reviewing your documentation, to confirm your classification as a Wholesale Client before you are able to trade these products.","com_header_contnet_69":"You are not eligible to access certain products/features in your region at this time. If you need further assistance, please reach out to Binance Support.","com_header_contnet_70":"We were unable to confirm your classification as a Wholesale Client. Please see details for your next action.","com_header_contnet_71":"Please provide us with current proof of residential address outside of Singapore before July 21st.If you are unable to provide this evidence within the specified timeframe, your account will be restricted until you can do so, with the exception of permitting withdrawals of assets from your account.","com_header_contnet_72":"Please provide us with current proof of residential address outside of Singapore before July 21st.If you are unable to provide this evidence within the specified timeframe, your account will be restricted until you can do so, with the exception of permitting withdrawals of assets from your account.","com_header_contnet_jp_4070":"Binance.com services will remain available until Nov 30th 2023, or earlier (if advised).","com_header_contnet_jp_tip":"Binance.com services will remain available even if you complete the verification process (until Nov 30th 2023, or earlier (if advised)).","com_header_contnet_marketing_consent":"Don’t miss out! 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