1 day ago
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Key Takeaways
- Binance redeployed part of its futures insurance fund.
- BTC, ETH, BNB USDT contracts share one fund.
- ADL guarantee lapses above 10B USDT open interest.
- Delta Neutral protection requires VIP 4 status.
In its October 31 recovery update, Binance said the fund still sits above the coverage level its risk framework requires, while conceding that “no exchange can completely avoid auto-deleveraging.”
That fund is the last cushion before Binance starts closing traders’ profitable positions to cover someone else’s default. For anyone holding Bitcoin and shorting future...
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