Welcome to Extreme Investor Network!
At Extreme Investor Network, we strive to provide you with the latest and most valuable information in the world of cryptocurrencies and blockchain technology. Today, we want to discuss the recent announcement made by Binance Futures regarding the cessation of support for XRP and TUSD in their Multi-Assets Mode.
Binance Futures Ends Support for XRP and TUSD
In a move that has caught the attention of the crypto community, Binance Futures has decided to end support for XRP and TUSD as margin assets in the Multi-Assets Mode. Effective from 06:00 (UTC) on 28th May 2024, users will no longer be able to use XRP and TUSD in this mode.
Furthermore, the transfer-in limit for XRP and TUSD in the Multi-Assets Mode has already been set to zero as of 06:00 (UTC) on 14th May 2024.
What Happens to Remaining Balances?
After the specified date and time, any remaining XRP and TUSD balances in USDⓈ-M Futures wallets will be automatically converted to USDT within approximately 24 hours. Users can refer to the conversion ratios provided by Binance for more details.
Important Notices for Users
- Do not add new futures positions: It is crucial for users to avoid adding any new futures positions during the conversion period to prevent potential losses. Binance will not be responsible for any losses incurred due to new positions during this time.
- Transaction History: Users should be aware that the conversion may not immediately reflect in their Transaction History.
- Translation Discrepancies: Any discrepancies in translated versions of the original article in English should be clarified with the original version for accurate information.
Continued Support from Binance
Despite these changes, Binance remains committed to providing a secure and efficient trading environment for its users. They emphasize the importance of trading responsibly and making informed decisions in the unpredictable world of cryptocurrencies.
Disclaimer
As with any investment, digital asset prices can be highly volatile. Investors should be aware of the risks involved and make educated decisions. Binance reminds users that futures trading carries significant market risk and price fluctuations. It is essential to conduct thorough research and consider personal circumstances before engaging in trading activities.
At Extreme Investor Network, we aim to empower you with the knowledge and insights needed to navigate the complex world of cryptocurrencies. Stay tuned for more updates and valuable information on our platform!