#STP #CryptoTalks #Binance Binance, the world's leading cryptocurrency exchange, has announced that it will be extending the Self-Trade Prevention (STP) function to all Binance Spot and Margin users. The STP function is a risk management tool that helps to prevent users from accidentally placing self-trades. Self-trades are trades that are placed against oneself, and they can result in significant losses.The STP function works by monitoring all incoming orders and preventing any orders from being placed that would result in a self-trade. For example, if you have a buy order for Bitcoin at $10,000 and a sell order for Bitcoin at $9,900, the STP function would prevent both orders from being placed, as this would result in a self-trade.The extension of the STP function to all Binance Spot and Margin users is a welcome move, as it will help to protect users from accidental losses. Self-trades can happen for a variety of reasons, such as accidentally placing two orders at the same time, or placing an order that crosses the spread. By enabling the STP function, users can help to mitigate the risk of these types of losses.To enable the STP function, users can go to their Account Settings and toggle on the "Self-Trade Prevention" switch. Once enabled, the STP function will be applied to all Spot and Margin orders.Here are some of the benefits of enabling the STP function:Protect yourself from accidental losses: The STP function can help to prevent you from accidentally placing self-trades, which can result in significant losses.Reduce your trading fees: Self-trades can incur unnecessary trading fees. By enabling the STP function, you can reduce your trading fees and save money.Improve your trading performance: The STP function can help to improve your trading performance by preventing you from making emotional or impulsive decisions.If you are a Binance Spot or Margin user, I recommend that you enable the STP function to help protect yourself from accidental losses and improve your trading performance.