$XRP

Binance Futures releases new updates on XRP and TUSD!

Effective May 28, 2024, 09:00 AM, Binance Futures will stop supporting XRP and TUSD as margin assets in Multi-Asset Mode. Additionally, transfer limits for XRP and TUSD in the mode will be reset to zero starting May 14, 2024, 09:00 AM.

Upon termination, all remaining XRP and TUSD balances in Binance Futures USDⓈ-M contract wallets will be automatically converted to USDT at the specified exchange rate approximately 24 hours after May 28, 2024, 9:00 AM.

For XRP: The conversion will be based on the average XRPUSDT price index observed between May 28, 2024, 08:00 AM and May 28, 2024, 09:00 AM.

For TUSD: A simple 1:1 ratio will be used for the conversion.

To reduce possible losses, users are strongly advised not to open new futures positions during the XRP and TUSD exchange period.

Binance stressed that it is not responsible for any losses caused by users opening positions during the transition period.

This move by Binance Futures reflects the exchange's continued commitment to optimizing its platform and services based on market dynamics and user preferences.

As the world of cryptocurrency continues to grow, Binance is committed to providing a safe and efficient trading environment for its global user base.