Key points

  • In October 2024, we evaluated and processed 2,266 product and feature suggestions submitted by our user community via the Feature Request and Feedback Board.

  • With the growing bullish sentiment in the market, we have seen a growing trend towards automated trading products, alert customization and advanced order forms, among other important developments.

  • Follow our official social channels for weekly updates on the latest Binance product features with the hashtag#BinanceBuildevery Wednesday and Friday.

This is a general announcement. The products and services mentioned here may not be available in your area.

Welcome to our October 2024 issue of #BinanceBuild, your source for the latest updates to the Binance ecosystem. Our growth is fueled not only by major new features, but also by subtle improvements, many of which are directly inspired by your contributions via our Feature Request and Feedback Board. Never forget that your contribution is invaluable to us! So let's dive into the update.

Binance Earn: Maximize the return on your free assets

Binance Earn is the perfect hub for users looking to maximize the return on their assets. With a wide range of options, users can choose from flexible savings products, fixed products, dual investments and more. Catering to both beginners and advanced users, Binance Earn offers a secure and customizable approach to growing your assets. Last month we introduced Binance SmartArbitrage, a new tool in the Earn lineup. That's what it's about.

Binance Smart Arbitrage

Smart Arbitrage uses a funding rate arbitrage strategy to profit from the assets you subscribe to. This approach involves opening a long position in the spot market and a short position in the futures market to eliminate price movement risks, maintain a delta-neutral position, and charge a financing fee as yield. With smartarbitrage, this whole process is automated for you – just enter the investment amount and click "Confirm".

Binance Premarket: Trade Tokens Before Official Listing 

Premarket Binance is an innovative feature that allows you to trade selected tokens before their official listing on spot markets. It provides an opportunity to benefit from early opening prices and for Launchpool users to profit from distributed rewards. 

Token tags are available on the premarket

To clearly distinguish between premarket trading and official spot trading, we have introduced new token tags and special premarket order forms. The next time you see the Premarket tag, you'll know you're ahead of the pack!

Flexible execution with new trade settings

To meet the unique preferences of each trader, we are constantly improving our offerings, providing extensive customization options that allow you to create settings to suit your specific needs. Regardless of the type of K-line chart you use to test the markets or the orders you place, each element plays a role in your trading journey. Here are two new tweaks to improve your setup:

Improved OCO warrants

The OCO (One Cancels the Other) order type allows you to place two orders at the same time, using a limit order and a stop-limit order. Only one of these orders will be executed, because as soon as one order is filled, the other is automatically canceled. Our latest update to OCO orders introduced a wider range of stop order types, including support for market stop orders, ensuring timely and efficient execution of stop losses. Stop losses for OCO orders were previously limited to limit orders only, which created execution risks and sometimes led to larger losses due to delays in filling stop losses.

Profit and Loss Management with Target ROI Percentage

We've introduced new take-profit and stop-loss settings that now support targets based on ROI%. This update not only provides users with additional options, but also offers a more strategic approach to maintaining a sustainable risk-reward ratio. Measuring profits and losses in ROI% helps you manage your deals more systematically, while PNL targets can be arbitrary and not always aligned with your risk management strategy.

Binance Trading Bots: Automate Your Strategy

Binance Trading Bots provide a number of tools and strategies to automate your trading activities 24/7, taking the time-consuming and mentally-challenging aspects of cryptocurrency trading away from you. Binance offers a wide range of trading bots, each of which has its own functions to implement specific strategies. These range from Dollar Cost Averaging (DCA) to Algorithmic Orders to optimize execution costs, among other advanced trading bots. 

Add investments to your active grid trading bots

Grid trading bots use a grid strategy, placing buy and sell orders at predetermined price intervals to profit from market volatility without predicting the direction of the market. Similarly, the futures grid trading bot applies this strategy to the futures markets, allowing users to long and short the grid with leverage.

In our latest update, we improved the futures grid trading bot with a new "Add Investment" feature, which allows users to increase their investment in active grid trading bots without having to stop and restart them, thus preventing execution risks and providing a more convenient user experience.

Stay informed with special trade alerts

Alerts are a useful tool that gives you information about market movements without constant monitoring. Setting up notifications for specific conditions allows you to quickly respond to new opportunities and risks, improving the decision-making process and time management. Binance offers a wide range of customizable alerts, allowing you to tailor them to your trading strategy.

Notification of margin call

Updated margin call alerts now allow you to customize your margin support thresholds and alert frequency, helping you better manage your risks. User feedback indicated that the previous fixed threshold of 80% was too high and often did not give traders enough time to replenish the required margin. With this update, you can more passively track and manage your margin requirements.

Other important features released in October

  • Enhanced Horizontal Charts Functionality: You can now access chart and figure settings directly in the horizontal chart view on mobile.

  • Lead Trader Position Propagation: Lead traders can now enable the Share Trade Signals feature to automatically share their position changes in chats.

Disclaimer: Digital asset prices are subject to high market risk and volatility. The value of your investment may fall as well as rise, and you may not get back the amount you invested. You are solely responsible for your investment decisions and Binance is not responsible for any losses you may incur. Past performance is not a reliable indicator of future performance. You should only invest in products that you are familiar with and understand the risks involved. You should consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial advisor before making any investment. This material should not be considered as financial advice. For more information, please see Terms of Use and Risk Warning.

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