Binance OTC Extends Algo Orders to All Users | Binance Support

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 Percent 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

Trade on-the-go with Binance’s crypto trading app (iOS/Android)

Find us on 

• Telegram

• Twitter

• Facebook

• Instagram

Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.

Risk Warning: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.