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Binance Pre Market launches upward circuit breaker mechanism, currently only applicable to RED tokens
Editor
2 hours ago 9,800
On February 25, Binance launched a new upward circuit breaker mechanism for Binance's pre-market trading market. The upward circuit breaker mechanism will limit the highest trading price in the first 72 hours of the pre-market market, and the token price increase shall not exceed a certain percentage of the initial opening price. After 72 hours of the market opening before the market, there will be no price restrictions and trading will return to normal. Rules for daily limit: February 28, 2025 18:00 - March 1, 2025 17:59 (East Eighth District Time): The maximum purchaseable price is 200% of the opening price March 01, 2025 18:00 - March 02, 2025 17:59 (East Eighth District Time): The maximum purchase price is 300% of the opening price March 2, 2025 18:00 - March 3, 2025 17:59 (East Eighth District Time): The maximum purchase price is 400% of the opening price After 18:00 on March 3, 2025 (East Eighth District time): No price limit Please note: This uplink circuit breaker mechanism is only tested when RED tokens is issued, and it is not yet certain whether this feature will become a long-term feature in the future pre-market market.
Keywords: Bitcoin
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