Dear user:
Binance OTC has launched algorithmic orders on the VIP platform OTC trading. Users can now trade directly on the platform using the time-weighted average price algorithm (TWAP) and the percentage of volume algorithm (POV).
Algorithmic orders will enhance the execution strategy of large OTC orders and low-liquidity trading pairs, and reduce the average execution cost and market impact intensity by using intelligent execution of small orders.
Algorithmic orders will be enabled on selected trading pairs listed on Binance Spot initially, with support for two order strategies at launch, namely TWAP and POV.
Currently, algorithmic orders are exclusively available to Binance VIP users at launch. During this period, no additional fees will be charged for algorithmic orders in addition to regular spot trading fees. Please continue to follow Binance VIP’s Twitter for the latest updates.
Start trading on the VIP platform now or apply to become a VIP user here. In addition, VIP users can also access Binance OTC trading features directly on the VIP platform.
Notice:
Binance VIPs can refer to the VIP platform FAQ or contact liquidity@binance.com for more information.
Binance VIP members can access the Binance spot block trading feature on the VIP platform.
In the event of any discrepancy between the translated version and the English original, the English version shall prevail.
Thank you for your support!
Binance Team
April 27, 2023