We understand that market volatility can cause confusion and concern. Short-term price fluctuations may reflect geopolitical events that increase uncertainty. That's why we'd like to take a moment to clarify how pricing works and why certain price limits exist. Our goal is to provide transparency and help you navigate these rapidly changing conditions.
How are prices formed in P2P? Prices in P2P are determined by the market, meaning they are driven by user supply and demand, not set by a company. Buyers and sellers create their own offers based on what they consider a fair value at that moment. This dynamic pricing mechanism reflects real-time market conditions and can fluctuate rapidly, especially during periods of high volatility.
Why do price limits exist? To protect our users and the platform, Binance implements temporary price limits in P2P as risk controls during extreme market movements. These limits prevent abusive behavior, reduce the risk of unfair trading outcomes, and preserve market integrity. These controls are essential to safeguard all participants involved.
We appreciate your understanding as we work to maintain a fair, transparent, and secure trading environment.
At Binance, our core value is an unwavering focus on the user. We recognize the role cryptocurrencies play during critical moments and will always work to provide uninterrupted, secure, and accessible services to our users across more than 100 countries. By maintaining a robust infrastructure and prioritizing security, we empower our users, ensuring Binance remains a reliable partner regardless of external challenges.
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