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Home BREAKING NEWS

Binance Boosts Spot API Request Limit to Enhance Scalability

BlockNews Team by BlockNews Team
September 28, 2023
in BREAKING NEWS, BUSINESS, TECHNOLOGY
Reading Time: 2 mins read
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  • Binance will increase the Spot API request limit from 1,200 to 6,000 per minute.
  • This change will take place on August 25, 2023.

Binance has announced its plan to roll out a series of optimizations to boost the efficiency of its Spot API—a programming interface that allows users to interact programmatically with a cryptocurrency exchange’s spot trading platform.

Scheduled to take place on August 25th, 2023, these optimizations will increase the weight of the IP address request limit per second from 1,200 to 6,000, meaning that drastically more interactions can occur within the network per minute.

To improve your trading experience, we will soon be optimising the #Binance Spot API.

Starting from August 25th, the request weight limit per IP address will be increased from 1,200 to 6,000 per minute.

Find all the details here 👇

— Binance (@binance) August 17, 2023
Via @binance – X

The weight limits for specific requests related to placing and canceling swap orders will stay the same, ensuring quick and effective trading actions. Additionally, other types of requests will be able to double the number of requests they can send, simplifying the process of managing trades. This change overall enhances the user experience by allowing more seamless interactions with the system.

Conclusion

Ultimately, Binance’s decision to optimize Spot API request weight limits attests to its unwavering commitment to heightening the trading journey for its user base. This strategic enhancement underscores Binance’s agility in responding to evolving market dynamics and reaffirms its position as a trailblazer in propelling innovation across cryptocurrency trading.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: APIBinanceSpot Trading
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