Binance, the largest exchange globally in terms of daily trading volume of cryptocurrencies, recently introduced the Binance Spot Grid Trading tool.
A tool is reported to be a strategic one and will automate the buying and selling of crypto at preset intervals around a preset price range to construct trading grids.
The announcement is made by Binance’s official Twitter handle via tweet:
Introducing #Binance Spot Grid Trading tool
— Binance (@binance) January 6, 2022
The exchange provided further details about the tool in its official blog post. According to the exchange: “Binance Spot Grid Trading is now live on Binance Website.”
Spot Grid Trading will help Binance users in several ways, like they can trade 24/7 by staying on top of market trends. Also, users will be able to maximize their profits by automatically placing buy orders at a low price and selling orders at a high price. Moreover, the tool will facilitate users to make strategic, informed, and rational trading decisions instead of FOMO (Fear of Missing Out).