Binance Futures, a leading cryptocurrency derivatives exchange, has made an important update regarding XRP and TrueUSD (TUSD) in its Multi-Asset Mode. Starting from May 28, 2024 at 09:00, Binance Futures will no longer support XRP and TUSD as margin assets in Multi-Asset Mode. Additionally, the transfer limit for XRP and TUSD in this mode will be set to zero from May 14, 2024 at 09:00. Any remaining XRP and TUSD balances in USDⓈ-M Futures wallets on Binance Futures will be automatically converted to USDT at the specified rates within approximately 24 hours after 9:00 AM on May 28, 2024. For XRP, the conversion rate will be based on the average XRPUSDT Price Index observed between 08:00, May 28, 2024, and 09:00, May 28, 2024. As for TUSD, a simple 1:1 ratio will apply for conversion. Users are advised not to open new futures positions during the conversion period to minimize possible losses, and Binance will not be held responsible for any losses incurred by users who do so. This update demonstrates Binance Futures’ commitment to optimizing its platform and services to align with market dynamics and user preferences. The exchange aims to provide a secure and efficient trading environment for its global user base. *This information is not investment advice.
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Binance Futures Released a New Update on XRP and TUSD!
