#Binance Unified Account Adds Negative Balance Limit#
Hot Topic Overview
Overview
Binance announced that, effective January 22, 2025, 08:00, unified accounts will have a new maximum negative balance information added. When the negative balance of any asset exceeds the maximum negative balance of the corresponding asset, an automatic exchange process will be triggered to repay the negative balance. The system will calculate the negative balance of each asset every 10 minutes and first cancel any 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 begin the exchange process, and assets with higher collateralization rates will be prioritized for exchange to repay the negative balance.
Ace Hot Topic Analysis
Analysis
Binance announces that as of 08:00 on January 22, 2025, Unified Account will add maximum negative balance information. When the negative balance of any asset exceeds the maximum negative balance of the corresponding asset, the automatic conversion process will be triggered and the negative balance will be repaid. The specific process is as follows: the system calculates the negative balance of each asset every 10 minutes. Once it 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 amount. If, after the repayment, the negative balance of the asset is still higher than 80% of the maximum negative balance, the system will start the conversion process, giving priority to converting assets with a higher collateralization rate to repay the negative balance. This measure aims to prevent potential risks caused by excessive negative balances for users and ensure the stability and security of transactions.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Binance Unified Account adds a maximum negative balance limit to prevent users from incurring excessive debts.
When the negative balance exceeds the maximum negative balance, the system will automatically trigger the redemption process, prioritizing the cancellation of pending orders that occupy the corresponding assets and returning the negative balance.
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 is designed to protect users from excessive debt risks and ensure the stable operation of the platform.