diff --git a/freqtrade/exchange/binance.py b/freqtrade/exchange/binance.py
index 9ac1b0d97..1b0b60824 100644
--- a/freqtrade/exchange/binance.py
+++ b/freqtrade/exchange/binance.py
@@ -58,9 +58,19 @@ class Binance(Exchange):
         # TradingMode.SPOT always supported and not required in this list
         # (TradingMode.MARGIN, MarginMode.CROSS),
         # (TradingMode.FUTURES, MarginMode.CROSS),
-        (TradingMode.FUTURES, MarginMode.ISOLATED)
+        (TradingMode.FUTURES, MarginMode.ISOLATED),
     ]
 
+    def get_proxy_coin(self) -> str:
+        """
+        Get the proxy coin for the given coin
+        Falls back to the stake currency if no proxy coin is found
+        :return: Proxy coin or stake currency
+        """
+        if self.margin_mode == MarginMode.CROSS:
+            return "BNFCR"
+        return self._config["stake_currency"]
+
     def get_tickers(
         self,
         symbols: list[str] | None = None,
diff --git a/freqtrade/exchange/exchange.py b/freqtrade/exchange/exchange.py
index 932d74922..c28f072ea 100644
--- a/freqtrade/exchange/exchange.py
+++ b/freqtrade/exchange/exchange.py
@@ -1864,6 +1864,14 @@ class Exchange:
         except ccxt.BaseError as e:
             raise OperationalException(e) from e
 
+    def get_proxy_coin(self) -> str:
+        """
+        Get the proxy coin for the given coin
+        Falls back to the stake currency if no proxy coin is found
+        :return: Proxy coin or stake currency
+        """
+        return self._config["stake_currency"]
+
     def get_conversion_rate(self, coin: str, currency: str) -> float | None:
         """
         Quick and cached way to get conversion rate one currency to the other.