In a significant development for institutional trading, Binance has unveiled its new SpotBlockMatching service as of April 3rd. This feature is designed for high-volume traders, allowing them to bypass the traditional exchange order book and engage directly in negotiations. This innovation aims to minimize market impact, reduce slippage, and enhance trade privacy. To utilize this service, users must log into the VIP portal and ensure that their main account has completed the necessary whitelist verification. By facilitating a more private and efficient trading environment, Binance underscores its commitment to enhancing liquidity while catering to the needs of large stakeholders in the cryptocurrency market.
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