Binance Futures to Launch Retail Price Improvement (RPI) Orders on Designated Pairs, Boosting Retail Liquidity Starting Nov 20, 2025

As announced, Binance Futures will introduce Retail Price Improvement (RPI) orders on November 20, 2025, to bolster market liquidity and deliver a superior execution experience for retail participants. RPI orders are designed as post-only orders, meaning they add liquidity to the order book and will not execute against market orders, potentially expanding depth and narrowing spreads for smaller traders.

The mechanism also includes an exclusive matching approach whereby RPI orders are matched only with non-algorithmic market orders, which remain inaccessible to API-driven participants, aiming for a more balanced trading environment for retail users. In the initial phase, the feature will launch on designated pairs with a specialized fee structure designed to incentivize participation and liquidity provision.