Binance to Settle Debts Under $1 in Inactive Margin Accounts

Binance will begin settling margin debts of less than $1 in inactive cross margin accounts on Oct. 26, using assets already held in those accounts as part of a daily process. An account qualifies when its outstanding liabilities across all assets total less than $1 and it has had no fund activity for six months. Accounts owing $1 or more are unaffected. Fund activity includes transfers into or out of a margin account, borrowing, repayments and the trading page’s tools for closing positions and repaying debt. An open order placed more than six months ago does not count as activity.

Source: TokenPost