#Binance Unified Account Adds Negative Balance Limit#
Hot Topic Overview
Overview
Binance announced that starting from 08:00 on January 22, 2025, its unified account will add a maximum negative balance information. When the negative balance of any asset exceeds the corresponding maximum negative balance, the system will trigger an automatic conversion process. The system will first cancel pending orders that occupy the corresponding asset and return the negative balance to 80% of the maximum negative amount. 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 assets with higher collateral rates will be prioritized for conversion to return the negative balance. This measure aims to prevent potential risks caused by excessive negative balances for users and ensure the stable operation of the platform.
Ace Hot Topic Analysis
Analysis
Binance announced that, effective January 22, 2025 at 08:00, a new "Maximum Negative Balance" feature will be added to Unified Accounts. This means that when a user experiences a negative balance in their Unified Account, the system will calculate the negative balance for each asset every 10 minutes. If the negative balance exceeds the corresponding asset's maximum negative balance, an automatic conversion process will be triggered to repay the negative balance. The specific process is as follows: the system will first cancel any open orders that are using the corresponding asset and return the negative balance to 80% of the maximum negative balance. If, after repayment, the negative balance of that asset is still higher than 80% of the maximum negative balance, the system will begin the conversion process. It will prioritize converting assets with higher collateralization ratios to repay the negative balance.This new regulation aims to prevent potential risks caused by excessive negative balances and ensure the stability of accounts.
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 excessive debts.
When a user's negative balance exceeds the maximum negative balance, the system will automatically trigger the exchange process to repay the negative balance.
The system will prioritize canceling pending orders that occupy the corresponding assets and return the negative balance to 80% of the maximum negative amount.
If the negative balance is still not below 80% of the maximum negative balance, the system will start the exchange process, prioritizing the exchange of assets with a higher collateralization rate.