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Introducing Trading Bots: An Upgrade on Strategy Trading

Introducing Trading Bots: An Upgrade on Strategy Trading

2023-05-11 08:45

Fellow Binancians,

Binance is going to upgrade Strategy Trading to Trading Bots starting on 2023-05-11 in a gradual manner, and will implement the following functions: 

  • Under [Wallet] page, the Rebalancing Bot account will be renamed as Trading Bots account. 

  • New spot and futures grids will be created in the Trading Bots account. Existing grid orders or positions in the spot or futures account will not be affected.

  • Users can run futures grid via Trading Bots account while trading on the same symbol simultaneously through futures account.

  • The cross margin trading mode will be supported for futures grid. The maximum number of symbols that spot grid can run will be increased from ten to 20 symbols, and the maximum number of symbols that USDⓈ-M and Coin-M futures grid can run will be increased from ten to 20 symbols each.

  • The maximum futures grid trading leverage for each symbol will be the same as that of regular futures trades.  

  • Users will receive trading fee discounts on an hourly basis for the Trading Bots account when they use their BNB balances in spot wallet or USDⓈ-M wallet as payment. 

    • Specifically, trading fees will continue to be deducted from the Trading Bots account as usual without applying trading fee discounts directly. 

    • Then, the applicable trading fees will be accumulated, calculated and refunded to users’ spot wallet or USDⓈ-M wallet each hour, and the discounted BNB trading fees will be deducted from BNB balances in the spot wallet or USDⓈ-M wallet, where applicable. 

Please note:

  • Binance will complete the release of the above functions by the end of July 2023. Users may or may not have access to these functions until then.

  • To access the new Trading Bots page on Binance App, users should download the latest Binance App, or upgrade their Binance App to iOS or Android versions that are v2.64.0 or later. 

  • Products and services referred to here may not be available in your region.

  • Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.

For More Information:

Thanks for your support!

Binance Team

2023-05-11

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Note: This announcement was last updated on 2023-06-08 to clarify that the release of the above functions will be complete by the end of July 2023 instead of June 2023, the maximum futures grid trading leverage for each symbol will be the same as that of regular futures trades, and that the isolated margin trading mode will not be supported for futures grid in this upgrade.

Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.

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