Binance adds spot trading guardrails to limit abnormal executions
Binance said it will roll out a spot trading rule on April 14, restricting executions outside a set range during periods of volatility and thin liquidity.
Crypto exchange Binance is introducing a new spot trading feature that restricts orders from executing outside a defined price range during periods of extreme volatility.
Binance said Tuesday that a mechanism called the Spot Price Range Execution Rule (PRER) will be rolled out on April 14.
The mechanism allows orders to execute only within dynamic price bands set around a reference price derived from recent trades, which Binance said is intended to help maintain a fair and orderly market during periods of unusual volatility. Binance said PRER may not be available for all trading pairs at all times, including when a reliable reference price cannot be determined.
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