Binance Pre-Market to Launch Circuit Breaker Mechanism Test

BlockBeats News, February 25th, according to official sources, in order to continue innovating and enhance user trading experience, Binance Pre Market has introduced an upward price limit mechanism.

The price limit mechanism refers to the highest trading price not exceeding a certain percentage of the opening price within 72 hours before the market opens. There is no longer a price restriction after 72 hours, and normal trading will resume.

Taking RED as an example, details before listing:

Maximum holding limit per user: 5,000 RED.

Upward Price Limit Rules:

2025-02-28 10:00 (UTC) - 2025-03-01 09:59 (UTC): The maximum allowable price limit is 200% of the initial opening price;

2025-03-01 10:00 (UTC) - 2025-03-02 09:59 (UTC): The maximum allowable price limit is 300% of the initial opening price;

2025-03-02 10:00 (UTC) - 2025-03-03 09:59 (UTC): The maximum allowable price limit is 400% of the initial opening price;

After 2025-03-03 10:00 (UTC): There is no price limit in the pre-trading market.

It is worth noting that this price limit mechanism is only being tested during the RED token issuance and it is currently uncertain whether this feature will become a permanent feature of future pre-market trading.