#Binance Adds Highest Negative Balance#
Hot Topic Overview
Overview
Binance announces that, starting from 08:00, January 22, 2025, Unified Account will add the information of the highest negative balance. When the negative balance of any asset exceeds the highest negative balance of the corresponding asset, the automatic conversion process will be triggered to repay the negative balance. The system will first cancel the pending orders that occupy the corresponding assets 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 the repayment, the system will start the conversion process, and the assets with a higher pledge rate will be preferentially converted to repay the negative balance.
Ace Hot Topic Analysis
Analysis
Binance announces that from January 22, 2025, 08:00 onwards, the unified account 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 maximum negative balance of the corresponding asset, the system will automatically trigger a conversion process to repay the negative balance. The specific process is as follows: the system will calculate the negative balance of each asset every 10 minutes, and 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, after repayment, the negative balance of the asset is still higher than 80% of the maximum negative balance, the system will start the conversion process, prioritizing the conversion of assets with higher collateralization ratios to repay the negative balance. This measure aims to ensure the stability and security of user accounts and avoid risks caused by excessively high negative balances.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Binance Unified Account adds maximum negative balance information to prevent users from incurring risks due to excessively high negative balances.
When a user's negative balance exceeds the maximum negative balance, the system will automatically trigger the exchange process, giving priority to canceling pending orders occupying the corresponding assets and returning 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 exchange process, giving priority to exchanging assets with higher collateral ratios to repay the negative balance.
This measure aims to protect user assets and prevent system risks caused by excessively high negative balances.