Binance Futures has announced major update regarding XRP
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As a result of this decision, the transfer-in limit for XRP and TUSD in the Multi-Assets Mode has been updated to zero. After May 28, Binance says any remaining XRP and TUSD balances in USD-M Futures wallets will be automatically converted to USDT at specified ratios within approximately 24 hours. In light of this, Binance urges users not to add any new futures positions during the conversion period on May 28 for XRP to USDT to avoid any potential losses. Binance says it will not be liable for any losses for new positions during this period that may occur due to the conversion of funds.At the time of writing, XRP was down 1% in the last 24 hours to $0.50, mirroring the general sell-off on the crypto market.
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