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
➡️https://t.co/Kl3NgzWXgZ pic.twitter.com/7moNZ9o904
— 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).
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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