Binance Stocks: Bending Spoons (BSP) Update – July 1, 2026

Binance Stocks to Expand Trading Options with Whole-Share Orders

Binance is set to enhance its Binance Stocks offering by enabling users to place whole-share limit orders for BSP stocks during regular trading hours, beginning July 1, 2026, at 09:05 UTC. This move aims to broaden trading choices and improve the user experience on the platform.

IPO Trading Dynamics and Price Discovery

In anticipation of the initial public offering (IPO) of BSP stocks, Binance notes that the opening price on Nasdaq is not expected at the typical 13:30 UTC. Historical data from high-profile IPOs on Nasdaq indicates that the price discovery phase can extend for several hours. During this period, orders will be queued and will only be executed once the market officially opens for BSP trading.

The opening cross is the mechanism by which an exchange, such as Nasdaq, matches buy and sell orders to establish the initial public trading price of a security.

Limit Up Limit Down (LULD) and Trading Halts

The Limit Up Limit Down (LULD) bands will be applicable to all National Market System (NMS) stocks, including IPOs. If a stock’s price moves beyond these LULD bands, trading will be temporarily paused. Regular trading for BSP will only resume after Nasdaq lifts any trading halt. During a halt, new orders cannot be placed. Market orders that are pending will be canceled, while pending limit orders will remain active.

Broker Restrictions and Securities Lending

Partnered brokers may implement net buy restrictions or caps. In such scenarios, new buy orders could be rejected or blocked, although risk-reducing sell orders might still be permitted, contingent on the specific controls in place.

Fully Paid Securities Lending (FPSL) for BSP will become available once the shares from trades have fully settled, which is typically on the T+1 trading day.

Eligibility and Disclaimer

Trading of the newly introduced stock(s) is contingent upon user eligibility based on their country or region of residence.

Binance reserves the right to amend or cancel this announcement at any time and for any reason without prior notice.