Binance OTC Launches Algo Orders on VIP Portal
Fellow Binancians,
Binance OTC has launched Algo Orders on the VIP Portal’s OTC Trading Platform. Users can now place Time-Weighted Average Price (TWAP) and Percent of Volume (POV) Algo Orders directly on the platform.
Algo Orders enhance the execution of large OTC orders and trading on pairs with low liquidity, reducing the average cost of execution and market signaling by executing orders in smaller blocks using an intelligent execution algorithm.
Algo Orders will be enabled on selected pairs listed on Binance Spot at the initial stage, with two order strategies supported, namely TWAP and POV.
Currently, the Algo Orders feature is exclusively available for Binance VIP users on the VIP Portal. During the introductory period, no additional fees will be charged on Algo Orders on top of regular spot trading fees as per users’ VIP levels. Stay tuned for Binance VIP’s Twitter for any updates.
Notes:
Binance VIPs can refer to the FAQ on the VIP Portal or contact trading@binance.com for more information.
Please note that Binance VIPs will also be able to access Binance OTC’s Spot Block Trading function directly in the VIP Portal.
Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
Thanks for your support!
Binance Team
2023-04-27
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