Spot Block Matching is a convenient way to buy or sell sizable amounts of cryptocurrency. Whitelisted spot users can initiate Spot Block Matching requests (the “Maker”) by entering the trade detail request of the allowed pair, to be accepted by another whitelisted spot user (the “Taker”) for the Spot Block Match. The trade detail request can be accepted by the Taker by pasting the Settlement Key (which was generated to the Maker and relayed privately to the Taker).
Please note that the Spot Block Matching service is not related to the Spot Order Book and bookings will be made entirely outside of the market and strictly between the whitelisted Maker and Taker.
To facilitate Spot Block Matching and provide access to Spot Block matching 24/7, we have created a Spot Block Trade UI which can be accessed by whitelisted UIDs. These UIDs are whitelisted per their master account. For whitelisting requests, please contact either (i) your sales / key account Spot coverage team; or (ii) [email protected].
Please note that Spot Block Matching is currently only available on the Binance website.
To participate in Spot Block Matching, both the Maker and Taker must be logged into the Binance account with the whitelisted UID to initiate/accept the trade booking. Please note that this function only supports master accounts.
Whitelisted users can act as both Maker and Taker. However, only Makers can initiate Spot Block Matching.
Each Spot Block Matching trade acceptance default time validity is 30 minutes from the Maker’s confirmation of trade creation. The Maker has the ability to extend the validity period for acceptance of the trade, as many times as required, with each extension being for 30 minutes.
The Maker has the ability to cancel the order directly, whilst the Taker can ignore any Maker request.
Available trading pairs are subject to continuous review by Binance and will be based on user feedback. You may check the Spot Block Matching announcement page for lists of available pairs.
There is no Spot Block Matching fee for Makers. Taker fees are 0.02%.
Please note that Market maker rebate fees are not available for Spot Block Matching.
You may refer to the Spot Trading Rules page to view the minimum value for an eligible trade for Spot Block Matching.
When initiating each Spot Block Matching request, the trade can be placed by the Maker at up to 5% above or below the market price for the respective trading pair. This percentage may fluctuate thereafter depending upon the market price at the time that the Taker accepts the trade.
Trades are settled directly to the master account’s Spot Wallet, as Spot Block Matching only supports master accounts. Settlement takes place immediately after you trade.
When you trade with Binance, you are subject to the Binance Terms of Use and the Binance Spot Trading Terms. You may be subject to localized versions of these terms when onboarding to local Binance entities. You may also be required to accept additional terms and conditions depending on the scope of services offered. Should you have any questions, please contact Binance Support.
