Fellow Binancians,
Following the launch of Algo 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 at the Binance website. All users can now place Time-Weighted Average Price (TWAP) and Percentage of Volume (POV) Algo Orders directly on the platform.
Algo Orders enhance the execution of large 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. These intelligent execution algorithms feature randomization of order size and frequency of trades to mitigate against information leakage of any ongoing trade orders.
During the introductory period, no additional fees will be charged on Algo Orders. Users will be charged the regular spot trading fees as per their VIP levels.
Algo Orders are supported on more than 150 pairs, which include BTC, ETH, BNB, XRP, ADA, DOGE, LTC, SOL, TRX, DOT, MATIC, BCH and more. View the full list of supported pairs on the OTC Trading Platform.
Notes:
For more information on Algo Orders, please refer to the blog. Users can also visit the OTC Trading Platform for a full list of FAQs.
Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
Thanks for your support!
Binance Team
2023-07-25
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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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