Cryptocurrency Q&A
What happened to Beth in Binance?
What happened to Beth in Binance?
EchoSeeker
Mon May 20 2024
|
7 answers
1717
Could you please elaborate on the specific incident you're referring to? When you mention "Beth in Binance," I'm not immediately aware of any specific event or person that fits this description. Binance is a major cryptocurrency exchange, and given the vast amount of transactions and users it handles, there could be numerous occurrences or individuals involved.
However, if you're referring to a particular news story, a recent hack, or an event that took place on the platform, I'd be happy to assist you further. Could you provide more context or details about what happened to Beth in Binance? This would help me understand the situation better and formulate an accurate and informed response. Thank you.
7 answers
GwanghwamunGuardianAngel
Wed May 22 2024
On October 9th, 2023, precisely at 08:00 UTC, a significant change will occur within the Binance Loans platform. This change concerns the status of BETH, a popular collateral asset.
Was this helpful?
166
81
Federico
Wed May 22 2024
It's important to note that this decision by Binance does not reflect negatively on the value or utility of BETH itself. Instead, it's a strategic move by the exchange to align its loan offerings with its current business objectives and risk management practices.
Was this helpful?
55
41
Raffaele
Wed May 22 2024
It has been announced that BETH will be fully delisted as a collateral option for both Stable and Flexible Rate loans on Binance. This delisting marks the end of BETH's role as a security for these loan offerings.
Was this helpful?
335
68
Caterina
Wed May 22 2024
For users who have outstanding Binance Loans orders utilizing BETH as collateral, the consequences of this delisting will be automatic liquidation at the specified time. This means that any loans secured by BETH will be terminated and settled accordingly.
Was this helpful?
276
25
CherryBlossomGrace
Wed May 22 2024
This change is likely to have significant implications for those investors and traders who have been relying on BETH as a collateral asset for their Binance Loans. It represents a shift in the landscape of cryptocurrency lending and borrowing.
Was this helpful?
387
29
Load 5 more related questions
