TWAP (Time-Weighted Average Price) is now available on Binance Futures.
TWAP (Time-Weighted Average Price) on Binance
Binance has launched the U-based contract time-weighted average price commission (TWAP) function, which allows users to divide large orders into smaller quantities and execute them at fixed time intervals. Users can enter the strategic trading menu on the Binance website and any version of the mobile app, and select time-sharing commission to experience!
What is a time-weighted average price order?
Time-weighted average price (TWAP) is the average price calculated over a period of time.
The TWAP trading algorithm is designed to execute transactions within the time period specified by the user, and to make the average execution price roughly consistent with the time-weighted average price of the time period.
How to place a time-weighted average price order?
Determine the number of transactions: Determine the total number of contracts you choose to buy or sell.
The minimum total quantity of a time-weighted average price order is 10,000USDT.
When a time-weighted average price strategy completes all orders, the strategy will terminate.
Selection duration: Select the total operating time of the time-weighted average price strategy.
The maximum hour length is 5 minutes, and the maximum time length is 24 hours.
Try TWAP (Time-Weighted Average Price) on Binance
Please check Binance official website or contact the customer support with regard to the latest information and more accurate details.
Binance official website is here.
Please click "Introduction of Binance", if you want to know the details and the company information of Binance.
(Forex Broker)
Comment by Hans
April 24, 2024
as I am trading here various assets, for me it's the most important feature. i mean, flexibility in tradable markets. i alternate trading styles, meaning that sometimes I trad...