Binance to Cancel Pending Orders for Enhanced Trading Stability

According to the announcement from Binance, the platform will cancel all pending spot and margin orders placed before January 1, 2024, at 00:00 (UTC) on January 21, 2026, at 07:00 (UTC). This decision aims to mitigate the risk of unintended trades that may occur under extreme market conditions, which could lead to executions that do not align with users' current trading intentions. The cancellation process will only affect unfilled historical orders and will not impact completed trades. Binance assures users that their assets remain secure, with no effect on fund security, account access, or withdrawal capabilities. Users are encouraged to place new orders at any time to replace any canceled ones. Additionally, they have the option to manually cancel any pending spot and margin orders placed before January 1, 2024, at any time before the automatic cancellation event. This measure is part of Binance's routine system maintenance and risk management efforts, designed to protect users from unintended order executions during periods of high market volatility. The practice of canceling long-standing unfilled orders is common in traditional exchanges and supports effective risk management while maintaining a stable trading environment. Users are advised to refer to Rule 111 of Binance’s Exchange Rules for further details. For any questions or assistance, Binance's Customer Support team is available 24/7.