Binance launches spot bulk matching

According to official announcements, Binance has launched spot bulk matching, which facilitates direct execution of bulk trades among bulk trading users by bypassing the trading platform's order book. This technical solution further enhances the flexibility and efficiency of trading, minimizes the impact on the market, and reduces slippage. Spot bulk matching is tailored specifically for bulk trading users to address issues such as low asset liquidity, order book visibility, and execution efficiency. Bulk trading users can privately negotiate, create, and execute their agreed upon spot bulk trades before spot bulk matching, without the need for intervention from Binance platform. Through an intuitive interface, users (hanging parties) can create bulk transactions and generate unique settlement keys. The party placing the order must privately communicate this settlement key to the other party (the buyer). The buyer uses this key to verify and confirm transaction details, and then executes the transaction.