Binance Margin will start daily cleanup of eligible small outstanding debts on October 27 at 00:00 UTC, or 5:30 AM IST.
The October 21 notice targets Cross Margin accounts with total liabilities below $1 equivalent and no capital activity during the previous six months.
For eligible accounts, Binance says the debt will be deducted automatically from available Margin assets. Where several asset types are available, Binance chooses which to use.
This is repayment from account assets; it should not be mistaken for debt forgiveness. Margin functions remain available, and accounts owing $1 equivalent or more are outside this cleanup.
If you have an old Margin balance, check both the liability and available assets. Small forgotten debt still deserves an account review.
#Binance #Margin #AccountManagement
The October 21 notice targets Cross Margin accounts with total liabilities below $1 equivalent and no capital activity during the previous six months.
For eligible accounts, Binance says the debt will be deducted automatically from available Margin assets. Where several asset types are available, Binance chooses which to use.
This is repayment from account assets; it should not be mistaken for debt forgiveness. Margin functions remain available, and accounts owing $1 equivalent or more are outside this cleanup.
If you have an old Margin balance, check both the liability and available assets. Small forgotten debt still deserves an account review.
#Binance #Margin #AccountManagement