Binance Futures Removes XRP and TUSD Support in Multi-Assets Mode! 🚫💰

Binance Futures Discontinues Support for XRP and TUSD

Dear Crypto Traders, Binance Futures, a branch of the Binance exchange, has recently announced that they will no longer support two cryptocurrencies, XRP and TUSD, as margin assets in the Multi-Assets Mode. This change is set to take effect from 06:00 (UTC) on 28th May 2024.

Swap of Remaining Balances

After the specified date and time, any remaining balances of XRP and TUSD in USDⓈ-M Futures wallets will automatically be converted to USDT within approximately 24 hours. The conversion will be based on the following ratios:

Important Information for Traders

It is highly recommended that you do not open new futures positions during the conversion period from XRP and TUSD to USDT to avoid potential losses. Binance will not be held responsible for any losses incurred from new positions during this conversion phase.
Note that the conversion may not be immediately reflected in your Transaction History.
In case of any discrepancies in the translated version of this article, always refer to the original English version for the most up-to-date information.

Continued Support from Binance

Binance remains dedicated to serving its extensive user base and upholding its promise of offering a secure and efficient trading platform. They encourage users to trade responsibly and make well-informed decisions.

Risks and Disclaimer

Remember that digital asset prices can fluctuate rapidly. Your investment value may rise or fall, and there is a chance you may not recoup the initial amount invested. You are solely accountable for your investment choices, and Binance is not accountable for any losses you may suffer. Futures trading, specifically, carries high market risks and price volatility. You might be required to make additional margin deposits or interest payments with short notice. Failure to meet these requirements could result in the liquidation of your collateral without consent, leaving you liable for any deficits and interest charges. Past performance does not guarantee future results. Before engaging in trading, conduct an independent assessment considering your objectives and circumstances, including potential risks and benefits. Seek advice from your financial advisors as necessary. This information is not intended as financial or investment advice.

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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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