#Binance Unified Account Adds Negative Balance Limit#
Hot Topic Overview
Overview
Binance announces that from 08:00 on January 22, 2025, Unified Account will add the highest negative balance information. When the negative balance of any asset exceeds the corresponding asset's highest negative balance, an automatic conversion process will be triggered to repay the negative balance. The system will calculate the negative balance of each asset every 10 minutes, and first cancel the orders occupying the corresponding assets and return the negative balance to 80% of the maximum negative balance. If the negative balance of the asset does not fall below 80% of the highest negative balance after repayment, the system will start the conversion process, and assets with higher collateralization ratios will be prioritized for conversion to repay the negative balance.
Ace Hot Topic Analysis
Analysis
Binance announces that as of January 22, 2025, 08:00, the unified account will add a new maximum negative balance information. This means that when the negative asset balance of a user's account exceeds the maximum negative balance of the corresponding asset, the system will automatically trigger an exchange process to repay the negative balance. Specifically, the system will first cancel pending orders that occupy the corresponding asset and return the negative balance to 80% of the maximum negative balance. If the negative balance of the asset is still higher than 80% of the maximum negative balance after repayment, the system will start the exchange process, prioritizing the exchange of assets with a higher collateralization ratio to repay the negative balance. This new rule aims to prevent users from experiencing account risks due to excessive negative balances and ensure users can timely repay their debts.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Binance Unified Account adds a maximum negative balance limit to prevent users from incurring excessive debts.
When the negative balance exceeds the maximum negative balance, the system will automatically trigger a redemption process to repay the debt.
The system will prioritize canceling pending orders that occupy the corresponding assets and return the negative balance to 80% of the maximum negative amount.
If the negative balance is still higher than 80% of the maximum negative balance, the system will start the redemption process, prioritizing the redemption of assets with higher collateralization ratios.