Important Update for Binance Users
Discover the latest changes announced by the world’s largest cryptocurrency exchange affecting Ripple’s XRP and TUSD in margin trading.
The Recent Changes at Binance
Explore the alterations made by Binance to their platform, including the discontinuation of XRP and TUSD as margin assets.
- The transfer-in limit for XRP and TUSD has been set to zero, effective May 28.
- Any remaining XRP and TUSD balances will be automatically converted to USDT.
Instructions for Users
Learn about the precautions Binance has advised its users to take during the conversion period for XRP and TUSD to USDT.
“Users are strongly advised not to add any new futures positions during the conversion period to avoid any potential losses.”
XRP’s Price Movement
Understand the stability of XRP’s price following the announcement, with little to no change in value around the $0.50 mark.
Recent Developments at Binance
Discover the various updates introduced by Binance in recent weeks, including new assets and trading pairs on their platform.
- In April, Binance added 18 new loanable assets and introduced new perpetual contracts with significant leverage options.
- Additional trading pairs for XRP, SHIB, ADA, and SOL were included, along with a direct pair for Mexican users.
- New assets like Holo, Jito, and Manta Network were added to Binance Loans earlier this month.
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