#Binance Unified Account Adds Negative Balance Limit#
Hot Topic Overview
Overview
Binance announces that starting January 22, 2025, 08:00, Unified Account will add the maximum negative balance information. When the negative balance of any asset exceeds the maximum negative balance of the corresponding asset, the system will trigger an automatic conversion process. First, it will cancel pending orders that occupy the corresponding asset and return the negative balance to 80% of the maximum negative balance. If the negative balance is still higher than 80% of the maximum negative balance after repayment, the system will begin the conversion process, prioritizing the conversion of assets with higher collateralization ratios to repay the negative balance. This measure aims to prevent potential risks caused by excessive negative balances for users.
Ace Hot Topic Analysis
Analysis
Binance announces that, starting from 08:00 on January 22, 2025, unified accounts will add the highest negative balance information. This means that when the negative balance of any asset in a user's account exceeds the corresponding asset's highest negative balance, the system will automatically trigger a conversion process to repay the negative balance. The specific process is as follows: First, the system will cancel pending orders that occupy the corresponding asset and return the negative balance to 80% of the maximum negative balance. If the negative balance remains higher than 80% of the highest negative balance after repayment, the system will begin the conversion process, giving priority to converting assets with a higher collateralization ratio to repay the negative balance. This measure aims to prevent users from having their accounts frozen or losing funds due to excessive negative balances, ensuring the stability and security of trading.
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 debt.
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 balance.
If the negative balance is still above 80% of the maximum negative balance, the system will initiate the redemption process, prioritizing the redemption of assets with higher collateralization ratios.