PANews reported on April 3 that according to the official announcement, Binance launched spot bulk matching, which facilitates the direct execution of bulk transactions between bulk trading users by bypassing the trading platform order book. This technical solution further improves the flexibility and efficiency of transactions, minimizes the impact on the market and reduces slippage.

Spot Block Matching is tailored for block traders to address issues such as low asset liquidity, order book visibility, and execution efficiency. Block traders can privately negotiate, create, and execute their agreed-upon spot block trades before spot block matching, without Binance platform intervention. Through an intuitive interface, users (order makers) can create block trades and generate a unique settlement key. The order maker must privately communicate this settlement key to the other party (taker). The taker uses the key to verify and confirm the trade details and then execute the trade.