Binance Stocks Will Enable Whole-Share Limit Orders for BSP During Regular Trading Hours

According to the announcement from Binance, Binance Stocks will allow users to place whole-share regular trading hours limit orders for BSP stocks starting from 2026-07-01 09:05 (UTC), as the platform seeks to expand trading choices and adjust the user trading experience.

Order Handling and Market Opening: Binance said that, based on historical Nasdaq behavior for high-profile IPOs, the BSP symbol is not expected to open at the usual 13:30 (UTC). The initial price discovery phase typically lasts for several hours, during which orders are queued and will not be executed until the market is officially open for BSP. Prior to the opening cross, only limit orders are supported. Binance added that both Good Till Cancel (GTC) and day orders are supported for limit orders, while market orders are not supported.

Trading Halts, Restrictions, and Settlement: Binance noted that Limit Up Limit Down (LULD) bands apply to all National Market System (NMS) stocks, including IPOs, and trading may be paused if the price moves outside the LULD band. If Nasdaq halts BSP, regular trading will resume only after Nasdaq lifts the halt. During a halt, no new orders can be placed; pending status market orders will be cancelled, while pending status limit orders will remain. Binance also said partnered brokers may enforce net buy restrictions or caps that could cause new buy orders to be rejected or blocked, while risk-reducing sell orders may still be permitted depending on the control. Fully Paid Securities Lending (FPSL) for BSP will be eligible when shares from trades are fully settled on a T+1 trading day. Trading is subject to eligibility based on the user’s country or region of residence.