#Binance Unified Account Adds Negative Balance Limit#
Hot Topic Overview
Overview
Binance announced that from 08:00 on January 22, 2025, unified accounts will have a new 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 system will first cancel the pending orders for 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 begin the conversion process, and assets with higher collateralization rates will be prioritized for conversion to repay the negative balance.
Ace Hot Topic Analysis
Analysis
Binance announces that, starting from 08:00 on January 22, 2025, Unified Account will add the highest negative balance information. This means that when a user's account negative balance exceeds the highest negative balance of the corresponding asset, the system will automatically trigger the exchange process to repay the negative balance. Specifically, 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 the negative balance of the asset is still higher than 80% of the highest negative balance after the repayment, the system will start the exchange process, prioritizing the exchange of assets with higher pledge rates to repay the negative balance. This measure aims to prevent users from encountering account problems due to excessive negative balances and ensure account stability.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Binance Unified Account adds 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 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 redemption process, prioritizing the redemption of assets with higher collateralization rates to repay the negative balance.
This measure aims to protect user asset security and prevent risks arising from excessive debt.