Fellow Binancians,
Binance Futures is launching the Self-Trade Prevention (STP) function for USDⓈ-Margined futures trading via API by 2023-09-06 10:00 (UTC). The STP function prevents API users from unintentional self-trades, ensuring compliance and the integrity of data, and saving API users unnecessary trading fees. API users may implement the STP function to facilitate their multiple trading strategies.
Please note:
The STP function is optional and only takes effect when users enable it. Users may proceed to the API Change Log to learn how to utilize this function.
The function is only available on API, and is not applicable to users on Binance Web, Binance App, or the Binance Desktop App.
Currently, the STP function is not available for COIN-M futures trading. Users may use the STP function for USDⓈ-Margined futures trading only.
This function allows users to set an STP parameter for each futures order, and determine if the maker order, the taker order or both orders shall be canceled in case the same participant is on both sides of the trade.
Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
For further API enquiries, please reference or seek community support at the Binance Developer homepage.
Further information:
Thanks for your support!
Binance Team
2023-08-29
Note: This announcement was last updated on 2023-08-29 to clarify that the Self-Trade Prevention (STP) function for USDⓈ-Margined futures will be launched by 2023-09-06 10:00 (UTC), and not at 2023-08-30 10:00 (UTC).
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
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