PANews reported on April 3rd that according to an official announcement, Binance launched spot block matching, enabling large-volume traders to directly execute block trades by bypassing the platform's order book. This technical solution further enhances trading flexibility and efficiency, minimizing market impact and reducing slippage.

Spot block matching is tailored specifically for large-volume traders to address issues such as low asset liquidity, order book visibility, and execution efficiency. Large-volume traders can negotiate privately before spot block matching, creating and executing their agreed-upon spot block trades without Binance platform intervention. Through an intuitive interface, users (order creators) can create block trades and generate a unique settlement key. The order creator must privately communicate this settlement key to the counterparty (order taker). The order taker uses this key to verify and confirm transaction details, followed by trade execution.