Binance Spot Block Matching: Execute Large Trades With Minimal Slippage
Main Takeaways
Spot Block Matching is a platform that enables traders to execute large trades directly with each other, bypassing exchange order books. This enhances discretion, improves trading efficiency, minimizes market impact, and reduces slippage.
Block traders can privately negotiate and independently execute their agreed-upon block trade terms on Binance through a user-friendly interface.
Spot Block Matching is a whitelist-only product accessible through the VIP Portal.
Note: This is a general announcement. Certain products and services may not be available in your region.
Executing high-volume transactions in the crypto market presents substantial challenges. Factors such as limited asset liquidity, lack of order-book visibility, and execution inefficiencies can lead to market disruptions and price slippage, ultimately disadvantaging the trader.
To address these obstacles, we’re proud to introduce Binance Spot Block Matching, a solution designed for the discreet and efficient execution of large trades directly between two independent counterparties. This solution ensures block traders achieve more predictable execution prices while significantly minimizing market impact.
What Is Binance Spot Block Matching & How Does It Work?
When handling high-volume trades, securing the optimal price is crucial, as even the smallest margin can significantly impact trading performance. Fund managers, market makers, and brokers leverage block trading to achieve this optimization. It involves the buying or selling of a sizable amount of cryptocurrency in a single transaction. Negotiations for this type of trading are often conducted in private to minimize market price impact.
After negotiating and agreeing to a block trade in private, traders require a secure and user-friendly platform to execute the transaction. This is where Binance Spot Block Matching comes into play. Spot Block Matching offers a straightforward yet protected interface for creating block orders with predetermined prices and quantities. Upon creation, a unique settlement key is generated, which the user can share privately with the counterparty. The counterparty can then access the platform, verify the trade details, and confirm execution. This fully peer-to-peer, trustless process ensures the safety and security of both parties at all times.
Why Use Spot Block Matching? Benefits for Large Crypto Traders
Minimized Market Impact
Spot Block Matching enables direct user-to-user transactions outside of regular exchange order books, preventing significant price fluctuations and market disruptions. This allows users to execute large trades without concerns about market liquidity and inefficiencies.
Predictable Pricing
For traders seeking certainty in executing large trades, Spot Block Matching offers a single execution price and a flat fee per transaction. This ensures complete transparency and predictability, allowing traders to plan with confidence.
Reduced Slippage
By facilitating high-volume trading at predetermined prices, Spot Block Matching significantly narrows the gap between expected and actual execution prices. This enhances traders’ confidence and precision, ultimately improving their strategies and outcomes.
Discreet Execution
The platform provides a private solution for handling substantial transactions, ensuring that large orders remain discreet and do not attract unwanted attention. Spot Block Matching provides a convenient and seamless way to execute their trades, maintaining privacy and market stability.
Trusted & Safeguarded Environment
Binance Spot Block Matching is built on the infrastructure of the world’s leading blockchain ecosystem with the highest number of regulatory permissions worldwide. Binance leads the industry in compliance, offering a trusted environment for institutional trading. We serve over 260M users and have processed more than $100 trillion in trading volume, providing unmatched scale, liquidity, and reliability.
Binance holds SOC 2 Type 2 and SOC 1 Type 1 certifications — independent audits that validate the strength of our internal controls, security systems, and financial operations. User protection is further supported by our Secure Asset Fund for Users (SAFU), a dedicated $1 billion emergency fund designed to cover rare, extreme events and provide additional peace of mind.
In 2025, Binance secured a $2 billion investment from MGX, an Abu Dhabi-based institutional investor. As the largest institutional crypto investment to date, it underscores growing confidence in Binance’s security, compliance, and long-term leadership in digital finance.
How to Use Spot Block Matching for Crypto Trading on Binance
Step 1: Confirm Whitelisting for Spot Block Matching. To participate in Spot Block Matching, ensure that your master account is whitelisted for the product. Once whitelisted, you can act as both a maker and taker. For assistance, contact us at [email protected] or reach out to your designated sales or key account coverage team.
Step 2: Access the Spot Block Matching platform. Head to the Spot Block Matching page via the VIP Portal.
Step 3: Determine Your Role — Maker or Taker? Spot Block Matching allows users to either create or accept block orders through its user interface. If you are a Maker, select the ‘Create Block Match’ tab. If you are a Taker, select the ‘Accept Block Match’ tab.
If you are a Maker
Step 1: Choose Your Action — Buy or Sell a Block Trade.
Step 2: Input Trade Details. Enter the required information, including the asset pair you wish to trade, the specified price, and the desired amount. Ensure that your specified price is within 5% of the current market price at the time of order creation.
Step 3: Create Your Block Match. Once you have finalized the details, click the ‘Create Block Match’ button to generate your order. Your order will then be displayed under the ‘Block Open Order’ tab. Orders have a default expiry time of 30 minutes. If additional time is needed, you have the option to extend the trade acceptance validity period in 30-minute increments, as many times as necessary.
Step 4: Share Your Settlement Key With the Taker. After creating your order, a unique settlement key will be displayed. Share this settlement key with your taker counterparty privately to facilitate the trade execution.
If you are a Taker
Step 1: Attain the Unique Settlement Key From the Counterparty. You will need this settlement key in order to execute on the block trade.
Step 2: Enter the Settlement Key. Input the provided settlement key into the designated field.
Step 3: Review the Trade Details. Verify that the block order identified by the settlement key matches the details agreed upon with the maker.
Step 4: Accept and Confirm the Block Trade. After reviewing the order, click on ‘Accept Block Match’. A confirmation window will appear. Click ‘Confirm’ to finalize and execute the block trade.
Final Thoughts
The introduction of Spot Block Matching represents a significant advancement in our expanding suite of institutional products, enhancing the overall trading experience and possibilities on Binance. By offering another solution that addresses the specific challenges faced by our VIP users, we aim to provide a seamless and cohesive experience for all their trading needs.
Ready for your next block trade? Explore Spot Block Matching today.
Further Reading
Disclaimer: 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.