the announcement means — and what to watch out for — now that Binance has added “take profit” (TP) and “stop loss” (SL) support to Binance Convert (instant trades).

✅ Binance has extended TP/SL orders — long used for spot or futures trading — to its Convert function. That means when you do an instant swap between cryptocurrencies, you can now set:

A take-profit order: automatically convert/sell when the price reaches a target gain.

A stop-loss order: automatically convert/sell if the price drops to a threshold — limiting your losses if the market moves against you.

This blends the simplicity of quick conversions with risk-management tools more typical of active trading. In effect, Convert becomes more flexible: you don’t need to constantly monitor prices after you enter a trade.

Casual users + crypto holders: If you want to hold or swap assets without manually checking prices all the time, TP/SL offers “set-and-forget” safety or profit capture.

Traders wanting simplicity: Instead of using full spot/futures trading interfaces, you get a simpler interface — ideal if you don’t need complex orders but want protection.

Volatile markets: In crypto, price swings can be large — having pre-set exit points (profit or loss) helps manage risk and lock in gains.

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