Binance #BStocks collateral no longer goes to sleep when Wall Street closes.
From Oct 24 at 00:00 UTC, its collateral index updates 24/7. During non-trading hours, the index uses #Binance trading prices through a capped Orderbook EWMA, then blends back toward the regular-market index when the session resumes.
The interesting part is not smoother pricing. It is that collateral risk now runs 24/7. A bStock used in Cross Margin or Portfolio Margin can change your Margin Level or uniMMR over a weekend even though the underlying share is not trading.
The cap may limit abnormal moves, but it does not remove reopening-gap risk.
If you use bStocks as collateral, the old model “market closed, collateral mark mostly frozen” is obsolete. Keep more buffer and watch the collateral index, not just Friday’s stock close.
From Oct 24 at 00:00 UTC, its collateral index updates 24/7. During non-trading hours, the index uses #Binance trading prices through a capped Orderbook EWMA, then blends back toward the regular-market index when the session resumes.
The interesting part is not smoother pricing. It is that collateral risk now runs 24/7. A bStock used in Cross Margin or Portfolio Margin can change your Margin Level or uniMMR over a weekend even though the underlying share is not trading.
The cap may limit abnormal moves, but it does not remove reopening-gap risk.
If you use bStocks as collateral, the old model “market closed, collateral mark mostly frozen” is obsolete. Keep more buffer and watch the collateral index, not just Friday’s stock close.