Binance will support the SanDisk 1-for-8 stock split and simultaneously adjust tokenized stock SNDKB holdings.
Original headline币安将支持闪迪 1 拆 8 股票拆分，同步调整代币化股票 SNDKB 持仓
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Binance said it will support a 1-for-8 stock split for Sandisk Corporation (SNDK) through its bStocks tokenized-equity product, awarding eligible SNDKB holders seven additional tokens per token held so positions grow eightfold while the theoretical price adjusts to one-eighth of pre-split levels. The exchange will halt SNDKB/USDT spot trading and related deposits and withdrawals at 08:30 Beijing time on Nov. 20, take a holdings snapshot at 09:00, and expects to resume spot trading at 17:00 and withdrawals at 18:00. Binance will also automatically close and settle SNDKB leveraged loans at 23:00 Beijing time on Nov. 18, converting related cross-account and portfolio-margin collateral into USDT or USDC. The move matters because it tests how tokenized-equity venues handle corporate actions, with holders and traders watching the snapshot, the trading halt and the collateral conversion for any price or liquidity disruption around the split.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
Named in this story
Binance, SNDKB, Sandisk Corporation (SNDK), bStocks
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