#Binance account added negative balance limit.#
Hot Topic Overview
Overview
Binance announced that it will add the highest negative balance information to the unified account starting from 08:00 on January 22, 2025. When the negative balance of any asset exceeds the corresponding asset's highest negative balance, the system will trigger an automatic conversion process to repay the negative balance. The specific process is as follows: the system will first cancel the 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 highest negative balance after repayment, the system will start the conversion process, and assets with higher collateral ratios will be prioritized to be converted to repay the negative balance.
Ace Hot Topic Analysis
Analysis
Binance announces that from 08:00 on January 22, 2025, Unified Accounts will have a new maximum negative balance information. This means that when the negative balance of any asset in a user's account exceeds the corresponding maximum negative balance, the system will automatically trigger a conversion process to repay the negative balance. The specific process is as follows: the system will first cancel the orders occupying 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 start the conversion process, giving priority to converting assets with higher pledge rates to repay the negative balance. This measure aims to prevent excessive debt in user accounts and ensure the stable operation of the platform.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Binance Unified Account will add a maximum negative balance information to prevent users from over-losing due to negative balance.
When the user's negative balance exceeds the maximum negative balance, the system will automatically trigger the redemption process, canceling pending orders and returning the negative balance first.
If the negative balance still exceeds 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.
This measure aims to protect user assets, prevent excessive losses due to negative balances, and ensure trading stability.