A heads-up for anyone trading U.S. stocks on Binance: stock trading will be suspended for three hours this Saturday night.
Binance posted an official announcement today (October 8): To accommodate an upgrade to its partner broker’s system, U.S. stock trading will be temporarily suspended from 18:50 to 21:00 on October 10 (Beijing time). You won’t be able to submit stock orders during this period. Service will resume automatically once the upgrade is complete.
My take: The timing is pretty carefully chosen—it falls right in the pre-market period, and U.S. markets are closed on Saturdays anyway, so most people holding positions overnight probably won’t notice. From the launch of new bStocks last month and the instant-conversion campaign to this broker system upgrade, Binance is clearly stepping up its stock token business, which suggests trading volumes are picking up. The main thing to note is that if you usually place pre-market orders, you won’t be able to do so during these three hours, so make sure to arrange any important orders in advance. And when you see an announcement like this, don’t panic—first check that it’s official, then look at the timing.
Do you trade U.S. stocks on Binance? Let’s chat in the comments.
$BNB
#U.S.StockTrading
Source: Binance official announcement; PANews
Binance posted an official announcement today (October 8): To accommodate an upgrade to its partner broker’s system, U.S. stock trading will be temporarily suspended from 18:50 to 21:00 on October 10 (Beijing time). You won’t be able to submit stock orders during this period. Service will resume automatically once the upgrade is complete.
My take: The timing is pretty carefully chosen—it falls right in the pre-market period, and U.S. markets are closed on Saturdays anyway, so most people holding positions overnight probably won’t notice. From the launch of new bStocks last month and the instant-conversion campaign to this broker system upgrade, Binance is clearly stepping up its stock token business, which suggests trading volumes are picking up. The main thing to note is that if you usually place pre-market orders, you won’t be able to do so during these three hours, so make sure to arrange any important orders in advance. And when you see an announcement like this, don’t panic—first check that it’s official, then look at the timing.
Do you trade U.S. stocks on Binance? Let’s chat in the comments.
$BNB
#U.S.StockTrading
Source: Binance official announcement; PANews