Binance excludes 3 hours of US stock data from perpetual futures funding

Binance, one of the world’s largest cryptocurrency exchanges, has announced it will exclude nearly three hours of US stock price data from the funding payments on its US stock perpetual futures after a technical disruption affected a major American trading venue overnight. On Wednesday at 07:21 UTC, Binance stated through its official news channel on Binance Square that it would remove the premium index for the affected timeframe from the 08:00 UTC funding rate calculation on October 21 for its TradFi Perps linked to any US equity. The exchange attributed this decision to intermittent network connectivity issues that hit one of the largest US overnight alternative trading systems (ATS) between 03:46 and 06:30 UTC. Binance did not directly name the impacted trading venue.

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