Binance launches new pre-market trading feature with limit-up mechanism

According to ChainCatcher news and the official announcement, Binance has launched a new feature in the pre-market trading with a price limit mechanism. The price limit mechanism will restrict the highest trading price in the pre-market for 72 hours, and the price increase of the token cannot exceed a certain percentage of the initial opening price.

After 72 hours of the pre-market opening, there will be no price restrictions, and trading will return to normal.

Note: This price limit mechanism is only being tested during the issuance of the RED token, and it is currently uncertain whether this feature will become a long-term function in the future pre-market.