Binance Announces Suspension of XRP and TUSD Support in Multi-Asset Mode
Tuesday, 14 May 2024, 17:41
Binance Halts XRP in Multi-Asset Mode
Binance will stop supporting XRP and TUSD as margin assets in Multi-Assets Mode on May 28. After that, the crypto exchange will automatically convert any XRP and TUSD holdings to USDT.
Immediate Conversion of Balances
The firm encouraged users to evaluate their positions to avoid any potential losses. 'After 2024-05-28 06:00 (UTC), any remaining XRP and TUSD balances in USDⓈ-M Futures wallets will be automatically converted to USDT at the below ratios within approximately 24 hours,' Binance said.
- Binance's decision during the legal battle between Ripple and SEC
- Ripple's XRP faced a short-term decline post-announcement
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