#Binance Unified Account Adds Negative Balance Limit#
Hot Topic Overview
Overview
Binance announces that as of January 22, 2025, 08:00, unified accounts will add a new maximum negative balance information. When the negative balance of any asset exceeds the corresponding maximum negative balance, an automatic redemption process will be triggered to repay the negative balance. 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, after repayment, the negative balance of the asset does not fall below 80% of the maximum negative balance, the system will start the redemption process, and assets with higher collateralization rates will be prioritized for redemption to repay the negative balance.
Ace Hot Topic Analysis
Analysis
Binance has announced that it will add the highest negative balance information to its Unified Account starting from 08:00 on January 22, 2025. This means that if the negative balance of any asset in a user's account exceeds the corresponding asset's highest negative balance, an automatic conversion process will be triggered to repay the negative balance. The specific process is as follows: The system calculates the negative balance of each asset every 10 minutes. If it exceeds the highest negative balance, the system will first cancel pending orders using the corresponding asset and return the negative balance to 80% of the maximum negative balance. If after the repayment, the negative balance of the asset is still higher than 80% of the highest negative balance, the system will begin the conversion process, prioritizing the conversion of assets with higher collateralization ratios to repay the negative balance. This move aims to prevent users from being unable to repay due to excessive negative balances and ensure the stability of trading.
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 debt.
When the user's negative balance exceeds the maximum negative balance, the system will automatically trigger a conversion process to repay the debt.
The system will prioritize canceling 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 maximum negative balance after repayment, the system will start the conversion process, prioritizing assets with higher collateralization ratios.