Binance to introduce 'PRER' for spot pairs on April 15

Binance will introduce its Spot Price Range Execution Rule (PRER) on April 15 to prevent orders from being filled at abnormal prices during extreme market conditions. PRER is a mechanism that only permits order execution within a specific price range, restricting fills outside the designated band to prevent price distortion from unusual activity. Market orders placed outside the specified range will automatically expire. Binance had previously announced on April 7 that it was implementing the policy to maintain a fair trading environment amid conditions of high liquidity and price volatility.