Valued Binance Users,
Binance OTC has launched Algo Orders on the OTC Trading Platform of the VIP Portal. Users can now place Time Weighted Average Price (TWAP) and Volume Percentage (POV) Algo Orders directly on the platform.
Algo Orders improve the execution process of large OTC orders and trading of pairs with low liquidity, reducing average execution and market signal costs by processing orders in smaller blocks with a smart execution algorithm.
Algo Orders will initially be enabled for selected trading pairs listed on Binance Spot, supporting two order strategies: TWAP and POV.
The Algo Orders feature is currently only available for Binance VIP users on the VIP Portal. During the promotional period, no additional commission will be charged on Algo Orders beyond the standard spot trading commissions set according to users' VIP levels. Continue to follow Binance VIP's Twitter account for updates.
Try Algo Orders Now on the VIP Portal!
Please note:
Binance VIP users can check the FAQ section on the VIP Portal for more information or contact liquidity@binance.com.
Please note that Binance VIP users can also access Binance OTC's High Volume Spot Trading function directly through the VIP Portal.
In case of any discrepancies between translated versions and the English version, the English version shall prevail.
Thank you for your support!
Binance Team
04/27/2023
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Binance reserves the right to amend or cancel this announcement at any time and for any reason at its sole discretion without prior notice.
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