Binance Futures has launched a new feature - Price Protection. It is now live on the Binance website and mobile app.
What is Price Protection?
When you use Price Protection, you protect your trading strategy from extreme market movement. If the difference between the Last price and Mark price of the contract exceeds the set threshold when the stop loss / take profit orders reach the trigger price, the stop loss / take profit orders will expire when Price Protection is enabled.
- All new Binance Futures users will have Price Protection enabled by default.
- Starting from 2020-11-04 02:00 (UTC), Price Protection will be switched on for all existing Binance Futures users. Please manually adjust your preference settings if you would like to disable this function.
- Please be aware that Price Protection takes effect only after it is enabled and has no effect on historical orders when it is disabled. API orders are not subject to Price Protection.
For further details: How to Use Price Protection Function
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Note: This announcement was last updated on 2022-11-22 to clarify that the Price Protection Function will lead to the expiration of stop loss / take profit orders, if the difference between the Last price and Mark price of the contract exceeds the set threshold when the stop loss / take profit orders reach the trigger price.