Binance to Support Sandisk 8-for-1 Stock Split via bStocks

Binance to Facilitate Sandisk Corporation Stock Split for bStocks Holders

Binance, the global cryptocurrency exchange, has announced a series of operational adjustments to accommodate an upcoming stock split for Sandisk Corporation. The adjustments will primarily affect users holding bStocks, which are tokenized securities issued by BTech Holdings Limited, an affiliate of Binance.

bStocks are classified as certificates representing certain financial instruments, offering an interest in underlying securities held by the issuer, rather than direct ownership of the shares. Holders of bStocks do not directly own shares in the underlying listed company.

Key Timeline for Stock Split Processing

Binance has outlined a detailed timeline for the stock split event, with key dates and times impacting various trading and withdrawal services.

• November 18, 2026, 15:00 UTC: Margin trading of SNDKB pairs will be suspended, and SNDKB will be removed as eligible collateral. Existing SNDKB collateral in Cross Margin and Portfolio Margin accounts will be automatically liquidated and converted into USDT or USDC.
• November 19, 2026, 23:30 UTC: The “Buy & Sell Crypto” service will suspend trading for SNDKB and all associated pairs.
• November 20, 2026, 00:30 UTC: Spot trading for the SNDKB/USDT pair, the Convert service, 1:1 token conversion, and deposits and withdrawals of SNDKB will be suspended. All pending orders for the SNDKB/USDT spot trading pair will be automatically canceled.
• November 20, 2026, 01:00 UTC: An eligibility snapshot of SNDKB holdings will be taken. Users holding SNDKB at this time will be eligible for the stock split distribution.
• November 20, 2026, 09:00 UTC: Spot trading for SNDKB/USDT, the Convert service, 1:1 token conversion, and deposits will resume. Trading for the SNDKB/USDT spot trading pair will restart at the split-adjusted price.
• November 20, 2026, 10:00 UTC: Withdrawals of SNDKB will resume.
• After November 20, 2026, 14:35 UTC: Margin trading of SNDKB pairs will resume, and SNDKB will be relisted as eligible collateral after the stock split is completed.

Conversion and Withdrawal Procedures

The token conversion service for 1:1 swaps between SNDK stock and SNDKB bStocks will be suspended at 00:30 UTC on November 20, 2026. Users are advised to complete any desired conversions before this time. Similarly, deposits and withdrawals of SNDKB will be suspended at the same time. Users should ensure sufficient time for their SNDKB deposits to be fully processed prior to the suspension.

Binance will manage all technical aspects of the stock split for affected users. Split entitlements earned from assets held in other accounts will be credited to the Spot Account.

Margin Trading and Liquidation

Binance Margin will remove SNDKB as eligible collateral starting November 18, 2026, at 15:00 UTC. Cross and portfolio margin pairs involving SNDKB will also be removed. Users will be unable to transfer SNDKB into their margin accounts. Any existing SNDKB collateral in Cross or Portfolio Margin accounts will be automatically liquidated and converted to USDT or USDC. In cases where conversion fails, standard Binance Margin liquidation processes will apply.

Cross Margin or Portfolio Margin users are strongly advised to transfer their SNDKB holdings from Margin Accounts to Spot Accounts and to ensure their margin balance is adequate before the margin delisting time. Users should closely monitor their Margin Level (ML) or Unified Maintenance Margin Ratio (uniMMR) to prevent potential liquidations.

Binance also noted that positions cannot be updated during the removal process, which may take approximately three hours or longer. Users are urged to close their positions and/or transfer assets from Margin Accounts to Spot Accounts before margin trading ceases. Binance will not be liable for any resulting losses.

Related Announcements

For details regarding the handling of the SNDKUSDT Perpetual Contract, users are directed to a separate Binance Futures announcement. Binance also advises users to refer to the official announcement from Sandisk Corporation for further information on the stock split. A Frequently Asked Questions (FAQ) document is available for details on bStocks corporate action processing.

Binance reserves the right to amend or cancel this announcement at any time without prior notice. The exchange also clarified that information regarding tokenized securities is not an offer or solicitation to buy or sell securities and that tokenized securities are not offered or accessible in the United States or to U.S. persons.