- 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.
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.
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.