Starting on October 24 at 00:00 UTC, Binance will update the collateral value of bStocks, certificates providing exposure to US-listed equities, around the clock. During equity market closures, the collateral index will reference Binance trading prices when external market data is unavailable. The off-hours calculation will use the order-book Impact Mid Price smoothed by an exponentially weighted moving average and subject to a movement cap whose value Binance has not disclosed. A decline in this valuation could reduce eligible margin accounts’ collateral buffers and bring them closer to their liquidation thresholds, while additional trading restrictions may apply to some users.
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