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.

Image
source:
Shutterstock

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