Update: The upgrade has been completed on 2024-06-06.
Fellow Binancians,
In order to improve the trading experience of Spot API users, the Binance Spot API will add a new parameter "orderRateLimitExceededMode" on 2024-06-06 (UTC).
When the order rate limit is exceeded, the "orderRateLimitExceededMode" mode will allow “cancelReplace'' to cancel orders, but it does not allow placing new orders.
Respective endpoints with the new parameter included:
REST API: POST /api/v3/order/cancelReplaceWebSocket API: order.cancelReplace
Notes:
Spot trading will not be impacted during the upgrade.An update to this announcement will be made when the upgrade is complete.More information is available at Binance Spot API Doc.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-06-06
Note: The announcement was last updated on 2024-06-07 to reflect the update completion date, and 2024-06-06 to add further clarifications on the orderRateLimitExceededMode mode.