#Binance Unified Account Adds 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. First, it will cancel 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, 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 users from suffering losses due to excessive negative balances and ensure account stability.
Ace Hot Topic Analysis
Analysis
Binance announced that starting from 08:00 on January 22, 2025, Unified Account will add the highest negative balance information. This means that when the negative balance of any asset in a user's account exceeds the corresponding asset's highest negative balance, the system will automatically trigger the conversion process to repay the negative balance. The specific process is as follows: the system will first cancel the pending orders occupying the corresponding assets and return the negative balance to 80% of the maximum negative amount. If, after repayment, the negative balance of the asset is still higher than 80% of the highest negative balance, the system will start the conversion process, giving priority to the conversion of assets with higher collateralization rates to repay the negative balance. This new rule aims to prevent users' accounts from being frozen or other risks due to excessive negative balance, while also better protecting the safety of users' funds.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Binance Unified Account adds maximum negative balance information, aiming to prevent users from losing money due to excessive negative balance.
When a user's negative balance exceeds the maximum negative balance, the system will automatically trigger the conversion process, first canceling the pending orders that occupy the corresponding assets and returning the negative balance.
If the negative balance is still not below 80% of the maximum negative balance, the system will start the conversion process, first converting the assets with higher collateralization rate to repay the negative balance.
This measure aims to protect user funds and prevent potential risks caused by excessive negative balance.