Dear Binancers,
Following the launch of algorithmic orders on the VIP Portal, Binance OTC is pleased to announce that the feature has been extended to all users on the OTC Trading Platform on the Binance website. All users can now create Time-Weighted Average Price (TWAP) and Percentage of Volume (POV) algorithmic orders directly on the platform.
Algorithmic orders improve the execution of large orders and trading in low liquidity pairs, reducing the average execution cost and market signaling when executing orders in smaller blocks using a smart execution algorithm. These intelligent execution algorithms feature randomization of order size and trade frequency to mitigate information leakage from any ongoing trading orders.
During the submission period, no additional fees will be charged on algorithmic orders. Users will be charged regular spot trading rates in accordance with their VIP levels.
Algorithmic orders are supported on 150+ pairs, which include BTC, ETH, BNB, XRP, ADA, DOGE, LTC, SOL, TRX, DOT, MATIC, BCH and more. See the full list of supported pairs on the OTC Trading Platform.
Try algorithmic orders on the OTC Trading Platform now!
Comments:
For more information on algorithmic orders, see the blog. Users can also visit the OTC Trading Platform for a complete list of frequently asked questions.
When any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
Thank you for your support!
Binance Team
25/07/2023
