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Binance Announcement Impacting Ripple Traders! 🚀

Binance Announcement Impacting Ripple Traders! 🚀

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.

Read Disclaimer
This content is aimed at sharing knowledge, it's not a direct proposal to transact, nor a prompt to engage in offers. Lolacoin.org doesn't provide expert advice regarding finance, tax, or legal matters. Caveat emptor applies when you utilize any products, services, or materials described in this post. In every interpretation of the law, either directly or by virtue of any negligence, neither our team nor the poster bears responsibility for any detriment or loss resulting. Dive into the details on Critical Disclaimers and Risk Disclosures.

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Binance Announcement Impacting Ripple Traders! 🚀