Binance can cut a winning Bitcoin hedge even when customer assets are backed

Key points

• Binance recently stated that it only reallocated its surplus futures reserves.
• However, the exchange clarified that its auto-deleveraging rules can still automatically reduce or cut an opposing profitable position for users.
• This mechanism remains active even in scenarios where overall customer assets are fully backed, highlighting how risk controls function under specific market conditions.

Summarized automatically by Kryptokite from reporting by CryptoSlate. Read the original sources for full detail.