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Binance platform launches a new tool for spot trading “Grid Trading”…details here

Binance platform launches a new tool for spot trading “Grid Trading”…details here

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Answer Binance platform launches a new tool for spot trading “Grid Trading”…details here

Autotrading and buying at specific levels and selling at higher points automatically is one of the methods that many traders prefer in the crypto market, but it is usually not available in cryptocurrency exchanges, and it requires the use of third parties and bots.

It seems that Binance would like to provide some additional tools in this regard on its platform and open them up to users.

announced Today, Thursday, Binance announced the launch of a new tool called “Grid Trading”, a strategic tool that automates the buying and selling of cryptocurrencies at pre-set intervals around a pre-determined price range to create strategically prepared trading networks.

Read:A trader in the cryptocurrency world committed suicide after the losses of his “investment fund”

This tool, when set to a certain period of time and prices, enables you to buy the currency at a lower price and sell it at a higher price.

The new service announced by Binance is already available on its website, and what this service provides, according to what was stated in the Binance blog, are the following:

  • Stay on top of market trends and have the ability to trade 24/7.
  • Automatic buy low and sell high to maximize profits.
  • Avoiding wrong buying and selling decisions according to a pre-prepared strategy and plan.

Here is an explanation of how to take advantage of the new tool and service from Binance (the link).

Read:Can Cardano compete with Ethereum in terms of smart contracts?

From our side in the Arab Bitcoin, we will work on an Arabic explanation of it in the coming days.

Read also:

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The “AAVE” project launches decentralized liquidity pools for enterprises


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