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Binance introduces new API spot trader feature
01/31/2023

Binance introduces new API spot trader feature

01/31/2023
4,3

Cryptocurrency giant Binance in its blog post has introduced a new feature for API users – prevention of independent trading (STP) – which will be available on January 26.

 

The creation of this function is explained by the fact that professional traders using several strategies at the same time can accidentally match two orders from the same trading table. Independent trading occurs when the same users are on both sides of the transaction, which indicates that there are no changes in ownership of the traded asset.

 

The introduction of SAP helps to stop unintended transactions on independent trading and, accordingly, save fees for unnecessary transactions.


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