YOU SOLD THE STOCK — BUT BINANCE CAN STILL CHARGE YOU
Binance's latest ADR fee notice reveals a trading cost that doesn't disappear when you close a position
The November 12 announcement covers 14 US-listed ADRs, with fees ranging from $0.01 to $0.05 per share
$BNB
⚠️ The critical detail is the record date, not your current holdings
If you held an affected ADR on that date, the fee can still be charged even after you've sold every share
For example, 100 shares of COE held on its October 20 record date would incur a $5 ADR fee
🔍 Binance deducts these fees in USDC, potentially weeks after the original holding period
If your balance is insufficient, an equivalent value of other assets may be temporarily frozen until payment
This applies to specified ADRs in Binance Stock Trading, not every stock or bStock
📌 Before closing an ADR trade, check its record date and any outstanding fees
Selling ends your market exposure
It doesn't necessarily end your payment obligations
#Binance #StockTrading
Binance's latest ADR fee notice reveals a trading cost that doesn't disappear when you close a position
The November 12 announcement covers 14 US-listed ADRs, with fees ranging from $0.01 to $0.05 per share
$BNB
⚠️ The critical detail is the record date, not your current holdings
If you held an affected ADR on that date, the fee can still be charged even after you've sold every share
For example, 100 shares of COE held on its October 20 record date would incur a $5 ADR fee
🔍 Binance deducts these fees in USDC, potentially weeks after the original holding period
If your balance is insufficient, an equivalent value of other assets may be temporarily frozen until payment
This applies to specified ADRs in Binance Stock Trading, not every stock or bStock
📌 Before closing an ADR trade, check its record date and any outstanding fees
Selling ends your market exposure
It doesn't necessarily end your payment obligations
#Binance #StockTrading
