Dear User:

Following the launch of algorithmic order service on the VIP platform, the Binance OTC team will open this feature to all users on the Binance web OTC trading platform. All Binance users can now choose the Time Weighted Average Price (TWAP) and Percentage of Volume (POV) algorithms to place orders directly on the platform.

Algorithmic orders will improve the execution strategy of large OTC orders and low-liquidity trading pairs. By using intelligent execution algorithms to split into small orders for trading, the average execution cost and market information leakage will be reduced.

The intelligent execution algorithm will reduce the leakage of transaction information by randomizing the transaction size and frequency during the entire order execution process.

During the promotion period, regular spot trading fees will be charged based on the user's VIP level, and no additional fees will be charged for algorithmic orders.

Algorithmic orders support more than 150 currency pairs, including: BTC, ETH, BNB, XRP, ADA, DOGE, LTC, SOL, TRX, DOT, MATIC, BCH, etc. View the complete list of currency pairs supported by the OTC trading platform.

立即在OTC交易平台使用算法订单下单！

Notice:

  • For more information on algorithmic orders, see the blog. Visit the OTC Trading Platform for a complete FAQ.

  • In the event of any discrepancy between the translated version and the original English version, the English version shall prevail.

Thank you for your support!

Binance Team

July 25, 2023