In a recent announcement, Binance, the world’s leading crypto exchange, revealed changes to its margin trading options. Effective May 28th, 2024, Binance will discontinue support for XRP and the stablecoin TrueUSD (TUSD) as margin assets within the Multi-Assets Mode.
This change signifies that users will no longer be able to utilize XRP or TUSD as collateral when opening leveraged positions on futures contracts. To facilitate a smooth transition, Binance has already set the transfer-in limit for XRP and TUSD to zero within the Multi-Assets Mode.
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Automatic Conversion and User Warning
Any remaining XRP and TUSD balances held in users’ futures wallets after May 28th will be automatically converted to Tether (USDT) at the prevailing market rate. Binance urges users to exercise caution during this conversion period.
They strongly advise…
