### Binance Unified Account Adds Negative Balance Limit#
Hot Topic Overview
Overview
Binance announces that as of January 22, 2025, 08:00 AM, Unified Account will introduce a new maximum negative balance information. When the negative balance of any asset exceeds the maximum negative balance of the corresponding asset, it will trigger an automatic redemption process to repay the negative balance. The system will calculate the negative balance of each asset every 10 minutes and prioritize the cancellation of pending orders using the corresponding asset, returning the negative balance to 80% of the maximum negative balance. If the negative balance is still not lower than 80% of the maximum negative balance, the system will start the redemption process, prioritizing the redemption of assets with higher collateralization ratios to repay the negative balance.
Ace Hot Topic Analysis
Analysis
Binance announced that from 08:00 on January 22, 2025, the Unified Account will add a new feature: the maximum negative balance information. This means that when the negative balance of any asset in the user's account exceeds the corresponding maximum negative balance, the system will automatically trigger a conversion process to repay the negative balance. Specifically, the system will first cancel the orders that occupy the corresponding asset 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 after repayment, the system will start the conversion process, prioritizing the use of assets with higher collateralization ratios for conversion. This measure aims to prevent users from experiencing account issues due to excessive negative balances and ensure the stability and security of trading.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Binance Unified Account adds 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 the exchange 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 higher than 80% of the maximum negative balance, the system will begin the exchange process, prioritizing the exchange of assets with higher collateralization ratios.