Binance Futures Drops XRP and TUSD Support in Multi-Assets Mode


Binance Futures Drops XRP and TUSD Support in Multi-Assets Mode


Binance Futures Ends Support for XRP and TUSD

In a recent announcement, Binance Futures, which is part of the Binance exchange, has declared that it will cease support for two cryptocurrencies, XRP and TUSD, as margin assets in the Multi-Assets Mode. This change will take effect from 06:00 (UTC) on 28th May 2024.

The transfer-in limit for XRP and TUSD in the Multi-Assets Mode has already been updated to zero from 06:00 (UTC) on 14th May 2024.

Conversion of Remaining Balances

After the aforementioned time and date, any remaining XRP and TUSD balances in USDⓈ-M Futures wallets will be automatically converted to USDT within approximately 24 hours, following the ratios listed below.

Important Notices for Users

  • Users are strongly advised not to add any new futures positions during the conversion period for XRP and TUSD to USDT to avoid any potential losses. Binance will not be liable for any losses for new positions during this period that may incur due to the conversion of funds.

  • Please note that the conversion may not be reflected in users’ Transaction History.

  • There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.

Binance’s Continuous Support

Binance continues to serve its massive user base and adheres to its commitment to providing a secure and efficient trading environment. They also urge their users to trade responsibly and make informed decisions.

Disclaimer

Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Futures trading, in particular, is subject to high market risk and price volatility. You may be called upon at short notice to make additional margin deposits or interest payments. If the required margin deposits or interest payments are not made within the prescribed time, your collateral may be liquidated without your consent. Moreover, you will remain liable for any resulting deficit in your account and interest charged on your account. All of your margin balance may be liquidated in the event of adverse price movement. Past performance is not a reliable predictor of future performance. Before trading, you should make an independent assessment of the appropriateness of the transaction in light of your own objectives and circumstances, including the risks and potential benefits. Consult your own advisers, where appropriate. This information should not be construed as financial or investment advice.

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Roy Walsh

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