Algorithmic trading has become a core tool for professional market participants, allowing trades to be executed automatically according to predefined rules. On Binance, algo trading is currently offered through two primary strategies: Time Weighted Average Price (TWAP) and Percentage of Volume (POV). Both are designed to reduce slippage and market impact, particularly when executing large orders or trading in less liquid markets.
This article explores real execution behavior using anonymized historical data, comparing algo orders against traditional market orders under different conditions such as trade size, liquidity, and configuration choices.$BTC
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