The insurance fund of Binance which protects its users from auto-deleverage liquidations on the Binance Futures platform used more than $13 million following the most recent crash in Bitcoin’s price. Binance Insurance Fund Got Into Action Using $13 Million During Sunday’s 20% BTC Plunge The insurance fund of Binance which protects its users from auto-deleverage liquidations on the Binance Futures platform used more than $13 million following the most recent crash in Bitcoin’s price. The exchange has stated that it intends to add $30 million more to the fund in order to keep protecting its traders. Our multi-tier & multi-cluster system architecture and SAFU (Secure Assets Fund for Users) insurance fund protect your account. Liquid. Binance is the world’s most liquid cryptocurrency exchange, with the biggest volumes across multiple crypto pairs. What to Do After I Buy Bitcoin . Store/Hold Bitcoin. Many users hold on to their Bitcoin with the expectation of it increasing in value. You ... Der Binance Insurance Fund wurde während des 20% BTC-Einbruchs am Sonntag mit 13 Millionen US-Dollar aktiv . admin. Der Versicherungsfonds von Binance, der seine Benutzer vor Liquidationen mit automatischem Schuldenabbau auf der Binance Futures-Plattform schützt, verbrauchte nach dem jüngsten Preisverfall bei Bitcoin mehr als 13 Millionen US-Dollar. Die Börse hat erklärt, dass sie ... As far as I'm aware, Coinbase does not offer insurance for cryptocurrency balances, it offers insurance for fiat balances. As in, if you hold $1000 in USD and something happens resulting in the loss of that balance directly (not after it is invested), you would be reimbursed. Cryptocurrency is not simple to insure. In the vast majority of these cases, Binance will use the insurance fund to take the positions, and offload them onto the market slowly. The insurance fund will collect liquidation fees from clients that do not result in client bankruptcy. If the insurance fund is unable to accept positions from the liquidations, then the counterparty-liquidation will occur. The Insurance Fund will be subject ... You’re probably familiar with insurance for your residence and your car and may have even bought it before traveling. But, if you’ve invested in Bitcoin or are an enthusiast thinking about doing that, the idea of Bitcoin insurance may not have crossed your mind yet.
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