On February 25th, COINOTAG News reported that Binance Pre Market has unveiled an Upper Price Limit Circuit Breaker mechanism aimed at fostering innovation and improving user trading experiences. This mechanism effectively regulates stock prices by imposing limits on how much the trading price of a stock can escalate before the market opens. Specifically, 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. Once this period concludes, trading resumes without restrictions.
For instance, 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 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.