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Crypto KOL Big Orange: WBETH, BNSOL Contract Margins Should Not Be Based on Spot Trading Pair Prices, Avoidable Stampede-like Decline
Summary: According to crypto influencer Big Orange, during a live broadcast on Binance Square, he mentioned risk control issues with WBETH. His main point is that since Binance allows WBETH and BNSOL to be used as contract margins, the prices should not be based on spot trading pair indices, but fixed at 1:1. The reason being ...
According to crypto influencer Big Orange, during a live broadcast on Binance Square, he mentioned risk control issues with WBETH. His main point is that since Binance allows WBETH and BNSOL to be used as contract margins, the prices should not be based on spot trading pair indices, but fixed at 1:1. The reason being that these assets are essentially internal assets of the Binance ecosystem, which Binance can mint and burn. In case of any issues, they can be balanced out through redemption cycles, avoiding the stampede-like decline seen last night.
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Link: Crypto KOL Big Orange: WBETH, BNSOL Contract Margins Should Not Be Based on Spot Trading Pair Prices, Avoidable Stampede-like Decline [Copy]
