Binance coin based contract holding mode will be upgraded, synchronized with U-based contract settings from June 15th BlockBeats News: On June 2nd, Binance announced that it will upgrade the holding mode of its currency based contracts starting from 11:00 (UTC+8) on June 15th. After the upgrade, the holding mode of its currency based contracts will be synchronized with that of its U-based contracts. If the user sets different holding modes in two markets, the system will automatically overwrite the currency based contract with the setting of the U-based contract. For example, if a user uses the "two-way position mode" for a U-based contract and the "one-way position mode" for a coin based contract, after the upgrade is completed, both will be unified into the "two-way position mode". The upgrade is expected to be completed within approximately 24 hours, during which the trading operations of the currency based contract will not be affected. However, some users may encounter intermittent trading interruptions and can be restored by trying again. Binance reminds users that if the holding modes of two markets are set differently, all pending orders (including only reducing orders and take profit stop loss orders) of the currency based contract during the synchronization process will be cancelled. If switching from a two-way position to a one-way position and there are both long and short positions, the system will settle the net amount of the long and short positions based on the current marked price, and establish a new position in the net position direction. The average position price and account balance may change significantly as a result, and the profit and loss will be borne by the user themselves. It is recommended that users actively adjust the position mode of the currency based contract to be consistent with the U-based contract before upgrading, in order to avoid triggering the automatic switching mechanism.