### Binance Unified Account Adds Negative Balance Limit#
Hot Topic Overview
Overview
Binance will add the highest negative balance information to the unified account starting at 08:00 on January 22, 2025. When the negative balance of any asset exceeds the corresponding asset's highest negative balance, an automatic redemption process will be triggered to repay the negative balance. The system will first cancel the pending orders occupying the corresponding asset 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 begin the redemption process, and assets with higher pledge rates will be prioritized for redemption to repay the negative balance.
Ace Hot Topic Analysis
Analysis
Binance announced that starting from 08:00 on January 22, 2025, the Unified Account will add the maximum negative balance information. This means that when the negative balance of a user's account exceeds the corresponding maximum negative balance, the system will automatically trigger the exchange process to repay the negative balance. The specific process is as follows: 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 pledge rate to repay the negative balance. The purpose of this new rule is to prevent users from having their accounts frozen or losing funds due to excessive negative balances, while also providing users with a safer and more convenient method for repaying negative balances.
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 losses due to negative balances.
When a user's negative balance exceeds the maximum negative balance limit, the system will automatically trigger a redemption process, prioritizing the cancellation of pending orders and returning the negative balance.
If the negative balance still exceeds 80% of the maximum negative balance limit, the system will begin the redemption process, prioritizing the redemption of assets with higher collateralization ratios to repay the negative balance.
This measure aims to protect user funds, prevent excessive losses due to negative balances, and ensure the stability of trading.