According to the announcement from Binance, the cryptocurrency exchange is set to introduce API functionality for Spot Block Matching starting from 2025-06-27 (UTC). This new feature aims to enhance trading capabilities by allowing users to place, accept, and cancel orders through the API. The Spot Block Matching service is designed for high-volume traders and is accessible exclusively through the VIP Portal.
The key updates include several functionalities such as placing a Spot Block Match order, accepting and completing transactions, and canceling open orders. Additionally, users can extend the validity period of an order by adding 30 minutes to the current time. The API will also allow users to return trading symbols supported by Block Match, query open orders, and review order history. These updates are expected to streamline the trading process for users who are part of the whitelist-only product.
Binance has clarified that trading will not be impacted by these updates. The Spot Block Matching service is available only to whitelisted users, who can request access through their sales or key account Spot coverage team, or by contacting [email protected]. The available trading pairs will be subject to continuous review based on user feedback, ensuring that the service remains responsive to the needs of its users. This development marks a significant step in expanding Binance's trading capabilities, providing users with more options for managing their digital assets efficiently.