Exchanges· ★★· neutral·

Binance ends ONEUSDT price protection, moves to standard mark price calculation

  • —LPP for ONEUSDT was disabled on September 17 at 23:00 Korean time
  • —The transition to standard mark price calculation takes up to 3 hours
  • —The measure was introduced after a Harmony security incident and a divergence in ONE's spot price
  • —Trading is not suspended, and orders and positions are not canceled
Why it matters: The change in mark price calculation affects liquidations and margin on ONEUSDT positions, which could increase volatility in the contract.
#ONE
Source: TokenPost
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