Halo Binancian,
Following the launch of Order Algo on the VIP Portal, Binance OTC is pleased to announce that this feature has been extended to all users on the OTC Trading Platform on the Binance website. All users can now place Time Weighted Average Price (TWAP) and Volume Percentage (POV) Algo orders directly on the platform.
Order Algo improves the execution of large orders and trading on pairs with low liquidity by reducing the average cost of execution and market signaling by executing orders in smaller blocks using intelligent execution algorithms. This intelligent execution algorithm features randomization of order size and trading frequency to mitigate information leakage regarding ongoing trading orders.
During the introductory period, no additional fees will be charged to Order Algo. Users will be charged regular spot trading fees according to their VIP level.
Algo orders are supported on over 150 pairs, including BTC, ETH, BNB, XRP, ADA, DOGE, LTC, SOL, TRX, DOT, MATIC, BCH and more. View the complete list of supported pairs on the OTC Trading Platform.
Try Order Algo on an OTC Trading Platform Now!
Notes:
For more information about Order Algo, please read this blog. Users can also visit the OTC Trading Platform for a complete list of FAQs.
If there are any discrepancies between the translated version and the English version of the announcement, the English version shall prevail.
Thank you for your support!
Tim Binance
25-07-2023
