This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance Spot has launched the Time-Weighted Average Price (TWAP) trading algorithm for API users. Using this feature, users can now disperse a large order on Binance Spot into smaller quantities, and execute them at regular intervals to minimize price impact. For more information, please refer to the Binance API Documentation.
What Is TWAP?
TWAP (Time-Weighted Average Price) is the average price calculated over a period of time. The TWAP trading algorithm aims to execute a trade over a user-specified period of time so that the average execution price is close to the time-weighted average price of that period.
How to Set Up a TWAP Strategy?
Determine the trade size, which is the total amount of crypto you want to buy or sell. The minimum TWAP strategy trade size on Binance is equivalent to 1,000 USDT. When a TWAP strategy completes all orders, the TWAP order will stop.
Select the targeted TWAP execution period. Users can select between five minutes and 24 hours.
Further Information:
Note: Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
Thanks for your support!
Binance Team
2023-04-28
Trade on-the-go with Binanceâs crypto trading app (iOS/Android)
Find us onÂ
Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Risk Warning: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.