Binance Launches Pre-Market Price Limit Circuit Breaker for RED Token

Binance, the world's largest cryptocurrency exchange, has introduced an Upper Price Limit Circuit Breaker mechanism for its pre-market trading platform, Binance Pre Market. This innovative feature aims to enhance user trading experiences and foster innovation by regulating stock prices before the market opens.

The mechanism works by setting limits on the trading price of a stock within a 72-hour window leading up to the market initiation. The maximum permissible trading price must not surpass a designated percentage of the opening price during this period. Once the 72-hour window concludes, trading resumes without restrictions.

In the case of the cryptocurrency RED, the pre-listing specifics reveal a maximum holding limit capped at 5,000 RED tokens per user. The Circuit Breaker parameters for RED are clearly defined. From February 28, 2025, 10:00 (UTC) to March 1, 2025, 09:59 (UTC), the allowable price limit is set at 200% of the initial opening price. This escalates to 300% from 10:00 (UTC) on March 1 to March 2 and subsequently to 400% on March 2 before normal trading conditions resume on March 3, rendering previous price limits obsolete.