### Binance Unified Account Adds Negative Balance Limit#
Hot Topic Overview
Overview
Binance announced that starting January 22, 2025, 08:00, the unified account will add the maximum negative balance information. When the negative balance of any asset exceeds the corresponding asset's maximum negative balance, the automatic conversion process will be triggered to repay the negative balance. The system will calculate the negative balance of each asset every 10 minutes. When the negative balance exceeds the maximum 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 maximum negative balance after repayment, the system will start the conversion process, and the assets with a higher collateralization rate will be prioritized for conversion to repay the negative balance.
Ace Hot Topic Analysis
Analysis
Binance announced that the unified account will add a maximum negative balance information from 08:00 on January 22, 2025. This means that when a user's account negative balance exceeds the maximum negative balance for the corresponding asset, the system will automatically trigger a redemption process to repay the negative balance. The specific process is as follows: the system will first cancel the pending orders occupying the corresponding assets 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 start the redemption process, prioritizing redemption of assets with a higher pledge rate to repay the negative balance. This measure aims to prevent users from having their accounts frozen or liquidated due to excessive negative balances, and ensure the safety and stability of user accounts.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Binance Unified Account adds a new maximum negative balance limit to prevent users from experiencing account issues due to excessive debt.
When a user's negative balance exceeds the maximum negative balance limit, the system will automatically trigger the exchange process, prioritizing the cancellation of pending orders that occupy the corresponding assets and returning the negative balance to 80% of the maximum negative balance.
If, after repayment, the negative balance remains above 80% of the maximum negative balance, the system will begin the exchange process, prioritizing the exchange of assets with a higher collateralization rate to repay the negative balance.
This measure aims to ensure user account security and prevent risks arising from excessive debt.