DECLARATION by SECURITIES AND EXCHANGE COMMISSION re [8] MOTION for Leave to File Excess Pages filed by SECURITIES AND EXCHANGE COMMISSION. (Attachments: # (1) Exhibit A-23.3, # (2) Exhibit A-24)(Scarlato, Matthew)
BTC at $60,000, and the current BTC price
BTC at $40,000 and the current BTC price
Market Order
VIP
Price Alert on Binance
What are Market Makers and Takers
Market Order and How to Place
A limit order is an order that you place on the order book with a specific limit price. It will not be executed immediately like a market order. Instead, the limit order will only be executed
your limit price (or better). Therefore, you may use limit orders to buy at a lower price or sell at a higher price than the current market price.
if
a
is
50,000. Your limit order will be filled immediately at $50,000, as
$50,000. The order will be filled immediately at $50,000 because
is
is a
it
it
is a
if
the market price reaches
What Is Heatmap on Binance Spot
Trading
better price than the one you set ($60,000).
How to View Delisting Information for
Spot and Margin Tokens/Trading Pairs
on Binance
better price than $40,000.
Limit Order
Purchases an asset at the market price
Purchases an asset at
Fills immediately
a
How to View My Spot Wallet Activity
set price or better
How to View My Spot Trading Activity
Fills only at the limit order’s price or better
Manual
Can be set
in
What Is Rebalancing Bot and Frequently
Asked Questions
How to Create a Spot Grid Trading
Strategy on Binance
advance
Binance Spot Grid Trading Parameters
To learn more about limit orders, please refer to What Is
Limit Order?
a
.
How to Download Spot Trading
Transaction History Statement
What
is a
stop-limit order?
A stop-limit order has a stop price and a limit price. You can set the minimum amount of profit you’re happy to take or the maximum you’re willing to spend or lose on
limit order will be placed automatically.
Stop-limit orders are good tools for limiting the losses that may incur in a trade. For example, BTC
limit order at $39,000 will be placed when the price drops from $40,000 to $39,500.
To learn more about stop-limit orders, please refer to What Is
What
is
a
Stop-Limit Order?
trading at $40,000, and you set up
a
stop-limit order at
trade. When the trigger price
stop price of $39,500 and
a
a
is
reached,
a
limit price of $39,000. A
.
an OCO (One Cancels the Other) order?
A One Cancels the Other (OCO) order,
one of the orders can be executed.
is a
combination of
a
limit order with
For example, BTC is at $40,000. You can use an OCO order to buy
one is automatically canceled.
days, 14 days, or 28 days.
Example:
Portfolio: BTC & BNB
days
Coin ratio: 0.5% (default)
Amount invested: 800 USDT
Initial coin allocation: 50%
With the parameters above, User A holds 400 USDT worth of BTC and 400 USDT worth of BNB
automatically calculate the ratio of each coin in the portfolio every 7 days.
in
the portfolio when the strategy starts. As the rebalancing by time condition
When the current coin ratio exceeds the default level of 0.5%, auto rebalance will be triggered. The rebalancing process
is
is
set to
days, the system will
the same as the example above.
Please note that the above examples are only for reference only. In the actual operation of the bot, differences between the rebalanced ratio and the preset ratio may occur due to the consideration of trading
fees and trading rules.
Risk warning:
Binance and the Rebalancing Bot service do not determine the suitability of any portfolio or Rebalancing Bot parameter and make no representation or warranty that the Rebalancing Bot strategy will perform as
expected or will be profitable. Binance makes no representation about the accuracy of the allocation of categories to tokens or the representativeness of any category portfolio of the associated sector.
Any risk associated with
Please read the
How
1.
Log
to
in
full
a
rebalancing bot strategy resides with the user. Binance shall not be responsible for any losses incurred
disclaimer here
set up
.
Rebalancing Bot?
a
to your Binance account and click [Trade] - [Strategy Trading]
Click [Rebalancing Bot]
.
How to View My Spot Wallet Activity
How to Create a Spot Grid Trading
Strategy on Binance
Auto Rebalance by time
How to View Delisting Information for
Spot and Margin Tokens/Trading Pairs
on Binance
How to View My Spot Trading Activity
After rebalancing, User A now holds 500 USDT worth of BTC and 500 USDT worth of BNB, and the coin ratio
Time:
What Is Heatmap on Binance Spot
Trading
.
in
connection with any rebalancing bot strategy.Page 10 If
you are using the Binance App, tap [Strategy Trading] - [Rebalancing Bot]
2.
You will be redirected to the Rebalancing Bot trading interface. Go to the parameter box on the right. You can use the [AI Rebalance] for preset parameters or set up your own strategy from [Manual]
.
.
2.
If
you choose [AI Rebalance] the system will automatically set up the strategy parameters for you. Click [Create] You may also click [Copy parameters to Manual settings] to customize the parameters.
2.
If
you choose [Manual] click [Add Coins] to select the coins for your strategy. Please select at least
,
,
.
coins. You may select up to 10 coins for each strategy.
Set the rebalancing parameters, including coin allocation, investment amount, and the auto rebalance method. You may also set up
(Optional)] Click [Create]
.
.
a
trigger price,
a
stop-loss price, and
a
take-profit price under [AdvancedPage 11 3.
To check your Rebalancing Bot orders and history, go to [Orders]
You may adjust your investment for
4.
a
to
[Spot Orders] and click [Rebalancing Bot]
.
running strategy from [Running] Click the edit icon to edit, or click [End] to terminate the strategy.
.
For an overview of your strategies, go to [Wallet]
How
-
adjust the positions
-
[Overview] and click [Rebalancing Bot]
.
running strategy?
of a
Increasing the position
When you increase the investment amount, auto rebalance will be triggered.
Example:
Portfolio: BTC & BNB
Amount invested: 800 USDT
Initial coin allocation: 50%
Suppose the price for BTC and BNB have both increased. In the portfolio, the value of BTC
The current ratio of BTC and BNB is 45% and 55%.
is
now worth 450 USDT and the value of BNB
is
now worth 550 USDT. The total value of the portfolio
is
now 1,000 USDT.
The user adjusts the investment amount by adding 1,000 USDT. This triggers the system to auto-rebalance BTC and BNB to 50% respectively. The values of BTC and BNB become 1,000 USDT each after the
rebalance.
Reducing the position
Please note that you may not be able to reduce
a
position
if
the order does not meet the minimum trade amount (10 USDT).
Example:
Portfolio: BTC, ETH, BNB
Amount invested: 400 USDT
Initial coin allocation: 5% BTC, 25% ETH, 70% BNB
Using the parameters above, User A holds 20 USDT worth of BTC, 100 USDT worth of ETH, and 280 USDT worth of BNB when the strategy starts.
After the strategy has been active for some time, BTC price dropped and the BTC value
of the portfolio is now worth 390 USDT.
in
the portfolio becomes 10 USDT. The value of ETH and BNB remain unchanged at 100 USDT and 280 USDT. The total value
Assuming User A wants to reduce the position by 50 USDT. The system will sell 35 USDT of BNB, 12.5 USDT of ETH, and 2.5 USDT of BTC. However, as the BTC value (2.5 USDT) does not
requirement (10 USDT), the system will only reduce the position by 47.5 USDT (35 USDT worth of BNB + 12.5 USDT worth of ETH).
After the portfolio size has been reduced, the portfolio will be:
BTC value: 10 USDT
ETH value: 87.5 USDT
BNB value: 245 USDT
Total portfolio value: 342.5 USDT
Coin proportions: 2.91% BTC, 25.54% ETH, 71.53% BNB
fulfill
the minimum tradePage 12 How
to
enjoy BNB fee deduction?
Rebalancing Bot users can enjoy
a
25% discount on standard trading fees whenever they choose to pay the fees with BNB.
You will first pay for the standard trading fee from the Rebalancing Bot Wallet and receive the trading fee refunds in your Spot Wallet. To check your BNB fee history, go to [Orders] - [Rebalancing Bot] - [ Fees Ret
urn History ]
Please note that you must have a sufficient BNB balance in your Spot Wallet to pay for the trading fees. Otherwise, you will not receive your 25% trading fee rebate. For more details, please refer to How to Use BN
B to Pay for Fees and Earn 25% Discount
.
.
Frequently Asked Questions
1.
How many coins can
I
invest
You need to select at least
2.
0.
+
*
0.
+
+
=
3.795 USDT
6.0000 - 369.
=
-16.4216 USDT
Matched Orders
A Matched Order refers to
The number of Matched Orders
is
a
Sell Order filled at the upper price.
used to calculate the Grid Profit.
In this example, Area 2 contains 1 Buy Order and 1 Sell Order. This is considered a Matched Order. In Area 1, however, only a Sell Order has been filled. Therefore, this trade isn’t
Order is matched with a Sell Order in Area 1, the Buy Order would appear in Area 1 and the number of Matched Orders would increase by 1.
There are 178 total Matched Orders, which means this Grid Trading strategy has executed at least 178*4.
=
356 orders.
Grid Profit
Grid Profit
is
Profit of
Matched Order
a
Binance Spot Grid Trading Parameters
the total profit generated by filled Buy and Sell Order pairs.
=
It is
displayed
in
the Quote Asset.
Total Filled Sell Order Price - Total Filled Buy Order Price - Sell Order Trading Fees - Buy Order Trading Fees*Last Price
a
Matched Order. When the BuyPage 17 Last Price:
When the Grid Order
running, the Last Price
is still
the spot trading pair’s latest Market Price.
is
If
the Grid Order has ended, the Last Price
Note: If you use BNB to pay for trading fees, the BNB fees will be converted to Quote Assets at the Market Price when your Grid Order
the Grid Order ends to convert.
Take the above as an example. The Grid Order has ended, and the Stop Price
is
The profit of this Matched Order
0.00000029*46,617.
The Grid Profit
5.
=
+
your Grid Order has ended,
it
will use the BNB price at the time
46,617.70 USDT.
=
0.09286920 USDT
Annualized Yield
=
Total Profit
The Annualized Yield
=
/
is
Total Investment*365 (days)*24 (hours)*60 (minutes)
31.30 USDT, the Total Investment
31.30 / 688.04*365*24*
(10*24*
/
+
Order Duration (minutes)
/
688.04 USDT, and the Order Duration
is
23*
+
55)
=
is
10 days 23 hours 55 minutes.
150.99%
Balance at Stop
Balance at Stop refers to the Quote and Base Assets
pending Grid Orders when the Grid Order ends.
in
It
uses the same calculation as the current balance.
PnL Asset
This means
all
PnL of your Grid Orders will be converted to the Quote Asset and will be calculated based on the Quote Asset’s value.
For example, when you trade BNB/BUSD, your PnL will be shown
9.
-
If
Unrealized PnL
For example, the Total Profit
8.
0.
-
running.
the sum of each Matched Order’s profit.
Grid Profit
Annualized Yield
7.
18.
-
the price at which the Grid Order ends.
Total Profit
Total Profit
6.
is
19.
=
is
is
in
BUSD.
Profit per Grid (Profit/Grid)
Profit/Grid is the profit percentage after matching the Buy and Sell Orders on each Grid. Depending on the trading mode (Arithmetic or Geometric), you can calculate the Profit/Grid by the Grid’s Upper Limit, the
Grid’s Lower Limit, the number of Grids, and the trading fees (c): 0.1%.
The Profit/Grid for Arithmetic Grids
Price Difference (d)
=
is
calculated as
range. The minimum Profit/Grid
a
(Grid Upper Limit - Grid Lower Limit)
The Maximum Profit/Grid
=
(1 - c)*d
The Minimum Profit/Grid
=
(Grid Upper Limit*(
/
Grid Lower Limit
-
c))
/
-
/
(Grid Lower Limit
-
d)
-
Price Ratio
Grid Lower Limit) ^ (1 / Number of Grids）
The Profit/Grid
=
(1 - c)*r
-
-
the Grid
is
is
450 and the Lower Limit
Arithmetic, the Price Difference (d)
=
(1 - 0.1%)*10/
Minimum Profit/Grid
=
(450*(1 - 0.1%))
the Grid
is
-
c
fixed value, since the price ratio of each Grid price
Maximum Profit/Grid
If
generated by the highest Grid.
is
the same.
c
For example, the Grid Upper Limit
If
/
is
2c
is a
(Grid Upper Limit
generated by the lowest Grid, and the maximum Profit/Grid
Number of Grids
The Profit/Grid for Geometric Grids
(r) =
is
/
=
(450 - 400)
2*0.1%
=
2.29%
(450 - 10)
-
-
Geometric, then the Profit/Grid
=
400. The number of Grid
is
5 =
/
and the trading fee
(c) is
0.1%.
to Day N)
Asset Allocation ranks your Spot Wallet assets by volume, calculated based on the latest market price
Daily PnL
=
Daily end-of-day Spot Wallet asset balance
Asset Net Worth shows the total net value of
all
-
Daily Spot Wallet asset balance at 00:00 - Net total of transfer and deposit of the day
Spot Wallet assets from Day
to Day N
Please note:
The data statistics time
is
based on UTC+0 and the daily maintenance time
is
00:00 - 02:00 (UTC+0). During the data maintenance period, the previous day’s profit and loss will not be displayed.
Due to the complexity of data, there may be calculation errors and delays. The above data
5.
You can view
all
the crypto
in
your Spot Wallet. Click the [>] next to each asset to view
its
is
for reference only.
transaction history.Page 41 You can
filter
the transactions from the drop-down menu.
Please note:
The currency details page only supports your transaction history for the past
months. To view older transaction records, please refer to How to Download Spot Trading Transaction History Statement
Currently, you can only view your deposit, withdrawal, Binance Convert, buy, sell, Binance Earn, distribution, and transfer history.
How
1.
Log
to
in
view my Spot Wallet activities from the Binance App?
to your Binance App and go to [Wallets] - [Spot] Here you can view
.
all
the crypto assets you hold and their respective balance, ranked from high to low based on the latest market price.
*Please note that the valuation displayed on your Spot Wallet does not represent the actual value of the asset you hold. Please check
2.
Tap on the [>] next to [Today’s PNL] to view your profit and loss analysis.
3.
You may also tap on
a
specific crypto to view details on the asset.
if
the amount of assets displayed
is
correct.
.Page 42 Frequently Asked Questions
1.
Why doesn’t the Spot Wallet value estimation match the market price?
The fiat value displayed on the Spot Wallet is an estimation for your reference only. It is calculated by first converting the coin’s value to BTC, then converting the BTC value to
exchange rate and market price, the value estimation shown might not reflect the actual asset value you hold. Do not evaluate the balance of your wallet using the valuation
the total amount of your coin. For example, if you have 0.5 BNB, you have 0.5 BNB regardless of the valuation in fiat.
2.
Due to the difference in the
fiat currency. Instead, please use
fiat.
in
Why does [Today’s PnL] differ from my actual profit & loss?
There are many different ways to calculate profit and loss. The method you use may differ from the formula Binance uses. You can hover over the [Information] icon next to [Today’s PNL] for more details.
Alternatively, you can manually calculate your profit and loss by downloading your Spot Wallet history
3.
Why are some transaction records missing from my wallet history?
Some products’ transaction records, such as Dual Investment and Simple Earn Locked Products, are
nsaction statement to view your transaction details.
4.
.
Why can’t
I
view transaction history older than
For security reasons, you can only view up to
ance Account Statements
still
being updated, so you may not be able to view them directly on the [History] page. You can generate
a
tra
months?
months of transaction records and enquire about no more than
months
-
Custom] and click on the calendar bar to adjust the dates. You can download up to
a full
What Is Heatmap on Binance Spot
Trading
year’s trading history.
How to View Delisting Information for
Spot and Margin Tokens/Trading Pairs
on Binance
NFT
VIP
How to View My Spot Wallet Activity
How to View My Spot Trading Activity
How to Create a Spot Grid Trading
Strategy on Binance
Binance Spot Grid Trading Parameters
How to Download Spot Trading
Transaction History Statement
4.
Click [Generate]
.
Please note that you can only generate up to
5.
After the statement
6.
Click [Download] to save
is
statements per month.
ready, you will receive an SMS or an email reminder.
it
in a
CSV
file.
Please note that the statement download link will only be stored for
Case 1:23-cv-01599-ABJ Document 15-2 Filed 06/06/23 Page 9 of 51
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2023-01-04 22:43
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Spot Trading
What
Crypto
Deposit/Withdrawal
The Rebalancing Bot will automatically adjust your portfolio position
rebalancing at preset intervals or thresholds.
Buy Crypto
(Fiat/P2P)
in
Spot Trading
What are Market Order and Limit Order,
and How to Place Them
Binance Earn
is
Related Articles
What Is Rebalancing Bot and Frequently Asked Questions
the Rebalancing Bot?
the token combination of your choice. By buying low and selling high, your strategy can maintain the same ratio of asset values through
in
Trading Limits and Rules
What is The Stop-Limit Function and
How to Use It
The bot’s auto-rebalancing feature can be triggered by coin ratio or time intervals.
How to Resolve Order Issues
Spot & Margin
Trading
Auto Rebalance by coin ratio
Spot Trading
This system will only rebalance when the change of any coin ratio exceeds the set threshold value. You may set the threshold value to 0.5%, 1%, 2%, or 5%.
What is Binance Spot Trading Fee and
How to Calculate
Margin Trading
How to Customize the Trading Page
Theme and Layout
Crypto Derivatives
How to Set
Finance
How to Spot Trade on Binance App
API
Price Alert on Binance
What are Market Makers and Takers
Example:
What is an OCO (One-Cancels-theOther) Order and How to Use It
Portfolio: BTC & BNB
Security
a
Coin ratio: 1%
Other Topics
What Is Rebalancing Bot and
Frequently Asked Questions
Amount invested: 800 USDT
Binance Convert
Binance Link
NFT
VIP
Initial coin allocation: 50%
With the parameters above, User A holds 400 USDT worth of BTC and 400 USDT worth of BNB
portfolio.
in
the portfolio when the strategy starts. The system will automatically calculate the ratio of each token
Suppose after some market movements, the BTC and BNB values in the portfolio become 450 USDT and 550 USDT. The total portfolio value will be 1,000 USDT, and the current coin ratio
(BNB). As the ratio difference exceeds the preset level of 1%, auto rebalance will be triggered.
is
in
the
45% (BTC) and 55%
The system will rebalance the positions by selling 5% of BNB and buying 5% of BTC:
BNB value
=
1,000
*
5%
=
50 USDT
BTC value
=
1,000
*
5%
=
50 USDT
Total portfolio value
=
450 USDT
+
550 USDT
=
Binance Spot Grid Trading Parameters
1,000 USDT
The system will automatically detect whether to rebalance at
is
restored to 50%.
How to Download Spot Trading
Transaction History Statement
a
fixed interval. You may set the interval to 30 minutes,
1
hour,
4
hours,
8
hours, 12 hours,
1
day,
3
days,
7
days, 14 days, or 28 days.
Example:
Portfolio: BTC & BNB
days
Coin ratio: 0.5% (default)
Amount invested: 800 USDT
Initial coin allocation: 50%
With the parameters above, User A holds 400 USDT worth of BTC and 400 USDT worth of BNB
automatically calculate the ratio of each coin in the portfolio every 7 days.
in
the portfolio when the strategy starts. As the rebalancing by time condition
When the current coin ratio exceeds the default level of 0.5%, auto rebalance will be triggered. The rebalancing process
is
is
set to
7
days, the system will
the same as the example above.
Please note that the above examples are only for reference only. In the actual operation of the bot, differences between the rebalanced ratio and the preset ratio may occur due to the consideration of trading
fees and trading rules.
Risk warning:
Binance and the Rebalancing Bot service do not determine the suitability of any portfolio or Rebalancing Bot parameter and make no representation or warranty that the Rebalancing Bot strategy will perform as
expected or will be profitable. Binance makes no representation about the accuracy of the allocation of categories to tokens or the representativeness of any category portfolio of the associated sector.
Any risk associated with
Please read the
How
1.
Log
to
in
full
a
rebalancing bot strategy resides with the user. Binance shall not be responsible for any losses incurred
disclaimer here
set up
.
Rebalancing Bot?
a
to your Binance account and click [Trade] - [Strategy Trading]
Click [Rebalancing Bot]
.
How to View My Spot Wallet Activity
How to Create a Spot Grid Trading
Strategy on Binance
Auto Rebalance by time
7
How to View Delisting Information for
Spot and Margin Tokens/Trading Pairs
on Binance
How to View My Spot Trading Activity
After rebalancing, User A now holds 500 USDT worth of BTC and 500 USDT worth of BNB, and the coin ratio
Time:
What Is Heatmap on Binance Spot
Trading
.
in
connection with any rebalancing bot strategy.
PDF Page 11
Case 1:23-cv-01599-ABJ Document 15-2 Filed 06/06/23 Page 10 of 51
If
you are using the Binance App, tap [Strategy Trading] - [Rebalancing Bot]
2.
You will be redirected to the Rebalancing Bot trading interface. Go to the parameter box on the right. You can use the [AI Rebalance] for preset parameters or set up your own strategy from [Manual]
.
.
2.1
If
you choose [AI Rebalance] the system will automatically set up the strategy parameters for you. Click [Create] You may also click [Copy parameters to Manual settings] to customize the parameters.
2.2
If
you choose [Manual] click [Add Coins] to select the coins for your strategy. Please select at least
,
,
.
2
coins. You may select up to 10 coins for each strategy.
Set the rebalancing parameters, including coin allocation, investment amount, and the auto rebalance method. You may also set up
(Optional)] Click [Create]
.
.
a
trigger price,
a
stop-loss price, and
a
take-profit price under [Advanced
PDF Page 12
Case 1:23-cv-01599-ABJ Document 15-2 Filed 06/06/23 Page 11 of 51
3.
To check your Rebalancing Bot orders and history, go to [Orders]
You may adjust your investment for
4.
a
to
[Spot Orders] and click [Rebalancing Bot]
.
running strategy from [Running] Click the edit icon to edit, or click [End] to terminate the strategy.
.
For an overview of your strategies, go to [Wallet]
How
-
adjust the positions
-
[Overview] and click [Rebalancing Bot]
.
running strategy?
of a
Increasing the position
When you increase the investment amount, auto rebalance will be triggered.
Example:
Portfolio: BTC & BNB
Amount invested: 800 USDT
Initial coin allocation: 50%
Suppose the price for BTC and BNB have both increased. In the portfolio, the value of BTC
The current ratio of BTC and BNB is 45% and 55%.
is
now worth 450 USDT and the value of BNB
is
now worth 550 USDT. The total value of the portfolio
is
now 1,000 USDT.
The user adjusts the investment amount by adding 1,000 USDT. This triggers the system to auto-rebalance BTC and BNB to 50% respectively. The values of BTC and BNB become 1,000 USDT each after the
rebalance.
Reducing the position
Please note that you may not be able to reduce
a
position
if
the order does not meet the minimum trade amount (10 USDT).
Example:
Portfolio: BTC, ETH, BNB
Amount invested: 400 USDT
Initial coin allocation: 5% BTC, 25% ETH, 70% BNB
Using the parameters above, User A holds 20 USDT worth of BTC, 100 USDT worth of ETH, and 280 USDT worth of BNB when the strategy starts.
After the strategy has been active for some time, BTC price dropped and the BTC value
of the portfolio is now worth 390 USDT.
in
the portfolio becomes 10 USDT. The value of ETH and BNB remain unchanged at 100 USDT and 280 USDT. The total value
Assuming User A wants to reduce the position by 50 USDT. The system will sell 35 USDT of BNB, 12.5 USDT of ETH, and 2.5 USDT of BTC. However, as the BTC value (2.5 USDT) does not
requirement (10 USDT), the system will only reduce the position by 47.5 USDT (35 USDT worth of BNB + 12.5 USDT worth of ETH).
After the portfolio size has been reduced, the portfolio will be:
BTC value: 10 USDT
ETH value: 87.5 USDT
BNB value: 245 USDT
Total portfolio value: 342.5 USDT
Coin proportions: 2.91% BTC, 25.54% ETH, 71.53% BNB
fulfill
the minimum trade
Case 1:23-cv-01599-ABJ Document 15-2 Filed 06/06/23 Page 13 of 51
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How to View Delisting Information for Spot and Margin Tokens/Trading Pairs on Binance
Different Order Types
2022-10-27 05:29
How to Trade Spot on Binance Website
Binance Fan Token
Support Center
FAQ
Spot & Margin Trading
Binance Earn
Binance periodically reviews each digital asset we
and potentially delist it to protect users’ interests.
Crypto
Deposit/Withdrawal
Several factors we consider when delisting
a
list
Spot Trading
to ensure that
it
continues to meet the high level of standard. When
more in-depth review
What are Market Order and Limit Order,
and How to Place Them
How to Resolve Order Issues
What is Binance Spot Trading Fee and
How to Calculate
The network’s security and stability;
The network/smart contract’s stability;
Margin Trading
How to Customize the Trading Page
Theme and Layout
The project team’s responsiveness to our periodic due diligence requests;
Crypto Derivatives
The project’s contribution to
Finance
Any evidence of unethical/fraudulent conduct or negligence.
Security
a
The asset’s trading volume and liquidity;
Spot Trading
API
cryptocurrency no longer meets the standard, we will conduct
Spot Trading
What is The Stop-Limit Function and
How to Use It
The project’s development and quality;
Spot & Margin
Trading
a
in
Trading Limits and Rules
digital asset:
The project team’s commitment;
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a
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You can view the delisting announcements from the website and the App.
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1.
Scroll down to the bottom on the Binance homepage and click [ Support Center
Binance Link
].
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2.
Go to [Announcement]
- [
Delisting
App
1.
Tap [Profile] - [Help & Support]
2.
Tap [Help Center (FAQ)]
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].
How to Download Spot Trading
Transaction History Statement
Case 1:23-cv-01599-ABJ Document 15-2 Filed 06/06/23 Page 16 of 51
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Tutorial
Binance Spot Grid Trading Parameters
Different Order Types
2022-05-05 06:42
How to Trade Spot on Binance Website
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Binance Spot Grid Trading Parameters
What
Crypto
Deposit/Withdrawal
Spot Grid Trading is a quantitative trading strategy that uses trading bots to automate the buying and selling of assets on the spot market. It places orders in the market at preset intervals within
price range. When orders are placed above and below a set price, they create a grid of orders at incrementally increasing and decreasing prices. In this way, it constructs a Trading Grid.
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Spot Grid Trading?
You can use Binance Spot Grid Trading in volatile markets when prices fluctuate within
trade rationally and avoid FOMO where possible.
a
a
specific range. Grid Trading attempts to make profits on small price changes. Through quantitative trading,
configured
it
can help you
Margin Trading
Crypto Derivatives
Finance
Current Balance
Current Balance refers to the total balance of the Base and Quote Assets
Total Quote Asset Balance
Total Base Asset Balance
in
in
the Quote Asset)
Total Number of Sell Orders*Qty Per Order (represented
in
the Base Asset)
=
How to Customize the Trading Page
Theme and Layout
your running Grid Orders, including Reserved Fees.
Total Open Buy Order Price*Qty Per Order (represented
=
What is The Stop-Limit Function and
How to Use It
What is Binance Spot Trading Fee and
How to Calculate
Spot Grid Trading Parameters
1.
Trading Limits and Rules
How to Resolve Order Issues
Spot & Margin
Trading
Spot Trading
Spot Trading
What are Market Order and Limit Order,
and How to Place Them
Binance Earn
is
in
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a
Price Alert on Binance
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Asked Questions
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Binance Link
NFT
In this example, the Last Price
VIP
Therefore, the Total Open Buy Order Price
Total Quote Asset Balance
Total Base Asset Balance
2.
0.7760 USDT, the Qty Per Order
is
3.795*14
=
26*14
=
=
0.7696
=
0.7643
+
+
is
14 XRP, and the Total Number of Sell Orders
0.7590
+
0.7537
+
0.7484
=
is
How to View Delisting Information for
Spot and Margin Tokens/Trading Pairs
on Binance
26.
3.795 USDT.
How to View My Spot Wallet Activity
53.13 USDT
How to View My Spot Trading Activity
364 XRP
=
How to Create a Spot Grid Trading
Strategy on Binance
Unrealized PnL
Unrealized PnL
Investment
=
Total Open Buy Order Price
*
Qty Per Order
+
Total Number of Sell Orders
*
Qty Per Order
*
Last Price
+
Reserved Fees
in
the Base Assets
*
Last Price
+
Reserved Fees
in
the Quote Assets
-
Total
How to Download Spot Trading
Transaction History Statement
Last Price:
When the Grid Order
running, the Last Price
is still
is
the latest Market Price of the spot trading pair.
If
the Grid Order has ended, the Last Price
is
the Market Price at which the Grid Order ends.
Using the same example:
Total Investment: 369.6556 USDT
Last Price: 0.7760 USDT
Qty Per Order: 14 XRP
Reserved Fees: 6.0000 USDT
Total Open Buy Order Price
Unrealized PnL
3.
=
3.795*14
+
=
15 XRP
0.7696
+
0.7643
+
+
0.7484
a
Buy Order filled at the lower price and
*
0.7760
0.7537
26*14
+
15
0.7590
+
*
0.7760
+
+
=
3.795 USDT
6.0000 - 369.6556
=
-16.4216 USDT
Matched Orders
A Matched Order refers to
The number of Matched Orders
is
a
Sell Order filled at the upper price.
used to calculate the Grid Profit.
In this example, Area 2 contains 1 Buy Order and 1 Sell Order. This is considered a Matched Order. In Area 1, however, only a Sell Order has been filled. Therefore, this trade isn’t
Order is matched with a Sell Order in Area 1, the Buy Order would appear in Area 1 and the number of Matched Orders would increase by 1.
There are 178 total Matched Orders, which means this Grid Trading strategy has executed at least 178*2
4.
=
356 orders.
Grid Profit
Grid Profit
is
Profit of
Matched Order
a
Binance Spot Grid Trading Parameters
the total profit generated by filled Buy and Sell Order pairs.
=
It is
displayed
in
the Quote Asset.
Total Filled Sell Order Price - Total Filled Buy Order Price - Sell Order Trading Fees - Buy Order Trading Fees*Last Price
a
Matched Order. When the Buy
PDF Page 18
Case 1:23-cv-01599-ABJ Document 15-2 Filed 06/06/23 Page 17 of 51
Last Price:
When the Grid Order
running, the Last Price
is still
the spot trading pair’s latest Market Price.
is
If
the Grid Order has ended, the Last Price
Note: If you use BNB to pay for trading fees, the BNB fees will be converted to Quote Assets at the Market Price when your Grid Order
the Grid Order ends to convert.
Take the above as an example. The Grid Order has ended, and the Stop Price
is
The profit of this Matched Order
0.00000029*46,617.70
The Grid Profit
5.
=
+
your Grid Order has ended,
it
will use the BNB price at the time
46,617.70 USDT.
=
0.09286920 USDT
Annualized Yield
=
Total Profit
The Annualized Yield
=
/
is
Total Investment*365 (days)*24 (hours)*60 (minutes)
31.30 USDT, the Total Investment
31.30 / 688.04*365*24*60
(10*24*60
/
+
Order Duration (minutes)
/
688.04 USDT, and the Order Duration
is
23*60
+
55)
=
is
10 days 23 hours 55 minutes.
150.99%
Balance at Stop
Balance at Stop refers to the Quote and Base Assets
pending Grid Orders when the Grid Order ends.
in
It
uses the same calculation as the current balance.
PnL Asset
This means
all
PnL of your Grid Orders will be converted to the Quote Asset and will be calculated based on the Quote Asset’s value.
For example, when you trade BNB/BUSD, your PnL will be shown
9.
-
If
Unrealized PnL
For example, the Total Profit
8.
0.01336856
-
running.
the sum of each Matched Order’s profit.
Grid Profit
Annualized Yield
7.
18.97818660
-
the price at which the Grid Order ends.
Total Profit
Total Profit
6.
is
19.09794350
=
is
is
in
BUSD.
Profit per Grid (Profit/Grid)
Profit/Grid is the profit percentage after matching the Buy and Sell Orders on each Grid. Depending on the trading mode (Arithmetic or Geometric), you can calculate the Profit/Grid by the Grid’s Upper Limit, the
Grid’s Lower Limit, the number of Grids, and the trading fees (c): 0.1%.
The Profit/Grid for Arithmetic Grids
Price Difference (d)
=
is
calculated as
range. The minimum Profit/Grid
a
(Grid Upper Limit - Grid Lower Limit)
The Maximum Profit/Grid
=
(1 - c)*d
The Minimum Profit/Grid
=
(Grid Upper Limit*(1
/
Grid Lower Limit
-
c))
/
-
/
(Grid Lower Limit
-
d)
-
Price Ratio
Grid Lower Limit) ^ (1 / Number of Grids）
The Profit/Grid
=
(1 - c)*r
-
1
-
the Grid
is
is
450 and the Lower Limit
Arithmetic, the Price Difference (d)
=
(1 - 0.1%)*10/400
Minimum Profit/Grid
=
(450*(1 - 0.1%))
the Grid
is
1
-
c
fixed value, since the price ratio of each Grid price
Maximum Profit/Grid
If
generated by the highest Grid.
is
the same.
c
For example, the Grid Upper Limit
If
/
is
2c
is a
(Grid Upper Limit
generated by the lowest Grid, and the maximum Profit/Grid
Number of Grids
The Profit/Grid for Geometric Grids
(r) =
is
/
=
(450 - 400)
2*0.1%
=
2.29%
(450 - 10)
-
1
-
Geometric, then the Profit/Grid
=
400. The number of Grid
is
5 =
/
and the trading fee
(c) is
0.1%.
10
0.1%
=
2.07%
(1-0.1%)*(450
/
400) ^ (1 / 5) - 1- 0.1%
-
is 5,
=
2.18%
10. Qty Per Order
Qty Per Order refers to the quantity of each order at a different price during Grid Trading. The Qty Per Order is only confirmed after the Grid Order is successfully created. The system will automatically calculate
the Base Asset needed to be reserved for the trading fees and the Quote Asset needed to place Buy Orders according to the investment amount entered.
After calculating
all
the assets needed, the maximum quantity that could guarantee the success of each Grid Order
is
the Qty Per Order.
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Tutorial
How to Use Spot Trailing Stop Order
Different Order Types
2022-04-11 23:32
How to Trade Spot on Binance Website
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FAQ
Spot Trailing Stop Order
Spot & Margin Trading
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Related Articles
How to Use Spot Trailing Stop Order
in
Spot Trading
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and How to Place Them
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How to Use It
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(Fiat/P2P)
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Trading
What is Binance Spot Trading Fee and
How to Calculate
Spot Trading
Margin Trading
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Theme and Layout
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Trading
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on Binance
NFT
VIP
How to View My Spot Wallet Activity
How to View My Spot Trading Activity
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Strategy on Binance
Binance Spot Grid Trading Parameters
Tutorial Video
What
How to Download Spot Trading
Transaction History Statement
Spot Trailing Stop Order?
is a
A trailing stop order is very similar to a stop-limit order, but a trailing stop order’s trigger price will follow your position when the market moves favorably, and will close the position
against you. With a spot trailing stop order, you can place a pre-set order at a specific percentage away from the market price.
if
the market moves adversely
When the price moves favorably, a trailing stop order locks in profit by enabling a trade to remain open and continue to profit as long as the price moves in the favorable direction. The trailing stop does not move
back in the other direction. When the price moves in the opposite direction by a specified percentage, the trailing stop order will be executed as a limit order. When a trade does not move in the favorable
direction, a trailing stop order can help you minimize losses and protect gains.
How does
a
Spot Trailing Stop Order work?
For a long trade, the selling price is supposed to be higher than the last price. When the price goes up, the trailing price moves up along with the last price and keeps a certain percentage interval. However, the
trailing price will stop following if the price drops. A limit sell order will be placed on the order book if the price moves more than the predetermined trailing delta from its highest price and reaches the trailing
price.
A ”buy" trailing stop order
is
the opposite of
a
“sell” trailing stop order.
For a short trade, the buy price is supposed to be lower than the last price. When the price drops, the trailing price moves downward with the last price and keeps a certain percentage interval. However, the
trailing price will stop following if the price goes up. A limit buy order will be placed on the order book if the price moves more than the predetermined trailing delta from its lowest price and reaches the trailing
price.
Note: Activation price and trailing delta must be fulfilled to activate
a
limit order to close the trade.
Examples
(1) Placing
a
sell Trailing Stop Order for
The market price of BTCUSDT
is
long trade
8,500 USDT and you place
Trailing Delta: 5%
Activation Price: 8,500 USDT
Limit Price: 8,600 USDT
a
a
trailing stop order with the following parameters:
PDF Page 21
Case 1:23-cv-01599-ABJ Document 15-2 Filed 06/06/23 Page 20 of 51
The trailing price
is
8,075 USDT and the last price
is
8,500 USDT. The trailing price will reach 15,200 USDT [Last Price* (1 - trailing delta)] when the price increases to 16,000 USDT.
The trailing price will stop when the price moves down. When the price moves to its peak price at 18,000 USDT, the trailing price reaches 17,100 USDT. When the price moves down, the trailing stop price stops
again. When the price moves down by more than 5%, reaching or exceeding the trailing price of 17,100 USDT, a sell order (8,600 USDT) will be issued to the order book.
Note:
Since the market price is 17,100, the sell order (8,600 USDT) will be filled immediately. The final sell price will be much higher than the limit price with an 8,500 USDT profit. However, if you used
with the same parameters (stop price: 8,500 USDT, limit price: 8,600 USDT), the order will be filled immediately at 8,600 USDT. In comparison, trailing stop orders can maximize your revenue.
(2) Placing
a
buy Trailing Stop Order for
The market price of BTCUSDT
is
a
a
stop-limit order
short trade
9,000 USDT and you place
a
trailing stop order with the following parameters:
Trailing Delta: 5%
Activation Price: 9,000 USDT
Limit Price: 8,900 USDT
The trailing stop price
is
9,450 USDT and the last price
is
9,000 USDT. The trailing price reaches 8,925 USDT [Last Price* (1
+
trailing delta)] when the price drops to 8,500 USDT.
The trailing price will stop when the price rises. When the price moves to its lowest price at 8,000 USDT, the trailing price will be 8,400 USDT. When the price rises, the trailing price stops again. When the price
moves up by more than 5%, reaching or exceeding the trailing price of 8,400 USDT, a buy order (8,900 USDT) will be issued to the order book.
Differences between Spot Trailing Stop Orders and Futures Trailing Stop Orders
How
to
Place
a
Spot Trailing Stop Order?
There are two conditions to activate
a
trailing stop order.
A buy trailing stop order will be triggered
if:
Activation Price ≥ Lowest Price
Rebound Rate ≥ Trailing Delta
A sell trailing stop order will be triggered
if:
Activation Price ≤ Highest Price
Rebound Rate ≥ Trailing Delta
1.
Activation Price
Activation price
To place
a
is
your desired price level that triggers the trailing stop.
If
no activation price
buy trailing stop order, the activation price must be lower than the market price. Conversely, the activation price must be higher than the market price to place
The market's highest/lowest price must reach or exceed the activation price
2.
set, the activation price will be the market price by default.
is
in
a
order to meet the condition.
Trailing Delta
Trailing Delta is the percentage of movement in the opposite direction you are willing to tolerate. The Trailing Delta ranges from 0.1% to 20.0% by placing the rate manually
Alternatively, options such as “1%” or “2%” are available for quick selection.
3.
sell trailing order.
in
the “Trailing Delta” field.
Limit Price
The limit price determines the order price submitted to the market after the trailing stop order
is
executed as
a
limit order. You can set your desired limit price.
Important Notes:
Setting an optimal trailing delta and activation price could be
a
daunting process.
For a trailing stop to be effective, a trailing delta should neither be too small nor too large; and the activation price should neither be too close nor too far away from the market price. When the trailing delta
is too small or the activation price is too close, the trailing stop is too close to the entry price and is easily triggered by regular daily market movements. There is no room for a trade to move in the favorable
direction before any meaningful price moves occur. The trade will be closed/exited at a point where the market just took a temporary dip and then recovered, thus resulting in a losing trade.
When the trailing delta
A higher trailing delta
is
is
too large, the trailing stop can only be triggered by extreme market movements, which means you are taking on risks of unnecessarily significant losses.
generally
a
better bet during volatile periods, while
a
lower trailing delta
is
preferable during normal market conditions.
There is no ideal optimal trailing delta and activation price. You are advised to revise your trailing stop strategy from time to time due to the constant price fluctuations in the market. You should
always carefully consider whether a trade is consistent with your risk tolerance, investment experience, financial condition, and other considerations that may be relevant to you. Other than the range of
price changes, always determine your trailing delta and activation price based on your targeted profitability levels and acceptable losses within your capacity.
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Tutorial
How to Display Your Orders and the Countdown Timer on the Candlestick Chart
Different Order Types
2022-03-24 04:59
How to Trade Spot on Binance Website
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Spot & Margin Trading
You can now display your open orders, order history, and
Binance website and app.
a
Spot Trading
How to Display Your Orders and the Countdown Timer on the Candlestick Chart
countdown timer that lets you check the remaining time before the current candle closes on the candlestick chart. Let’s see how to enable them on the
Related Articles
in
Spot Trading
What are Market Order and Limit Order,
and How to Place Them
Trading Limits and Rules
How
to
display my orders on the candlestick chart?
What is The Stop-Limit Function and
How to Use It
On the website:
*Please log
1.
Spot Trading
Support Center
in
to your Binance account
How to Resolve Order Issues
first.
Go to the trading interface and click on the [Display Settings] icon. You can choose to display open orders and order history by checking the boxes.
Please note that you can only choose to display open orders
in
the [Original] trading interface.
What is Binance Spot Trading Fee and
How to Calculate
Margin Trading
How to Customize the Trading Page
Theme and Layout
Crypto Derivatives
How to Set
Finance
How to Spot Trade on Binance App
Price Alert on Binance
What are Market Makers and Takers
API
What is an OCO (One-Cancels-theOther) Order and How to Use It
Security
Other Topics
What Is Rebalancing Bot and Frequently
Asked Questions
Binance Convert
What Is Heatmap on Binance Spot
Trading
Binance Link
NFT
a
How to View Delisting Information for
Spot and Margin Tokens/Trading Pairs
on Binance
Please note that the order history function will only display the last 500 executed orders.
VIP
How to View My Spot Wallet Activity
How to View My Spot Trading Activity
How to Create a Spot Grid Trading
Strategy on Binance
Binance Spot Grid Trading Parameters
How to Download Spot Trading
Transaction History Statement
After enabling them, your open orders will be displayed as floating bars and your order history will be displayed as small arrows on the candlestick chart. Red arrows indicate sell orders, and green arrows
indicate buy orders. You can move your cursor onto the arrow to see the order details.
2.
On the App:
1.
On the trading interface, tap on the [Chart Settings] icon and choose whether to display your order history and open orders on the candlestick chart.
2.
Tap [Open Orders] and you can also select the types of order to display on the chart. Please note that
it
will only be the last 10 open orders.
PDF Page 24
Case 1:23-cv-01599-ABJ Document 15-2 Filed 06/06/23 Page 23 of 51
3.
After enabling them, you will see [S] (sell orders) and [B] (buy orders) on the chart.
4.
To view the order details, long pressing the [S] or [B] icons. Tap on the [>] to go to the order history page.
5.
Your open orders will be displayed as floating bars on the chart. You can also see the order type, amount, and prices.
How
to
display the candle countdown timer on the candlestick chart?
The countdown time indicates the time remaining before the current candle closes. After enabling
On the website:
1. If
2.
you’re using the [Original] view, right click on the candlestick chart and click [Count Down]
You will see the countdown timer under the Last Price.
3. If
you’re using [TradingView], right click on the candlestick chart and click [Settings]
.
.
it,
you will see
a
countdown timer next to the last price on the chart.
PDF Page 25
Case 1:23-cv-01599-ABJ Document 15-2 Filed 06/06/23 Page 24 of 51
Go to the [Scales] tab and check the box next to [Countdown To Bar Close]
4.
You will see the countdown timer under the Last Price.
On the app:
Tap on the [Chart Settings] icon and check the box next to [Countdown]
.
.
Case 1:23-cv-01599-ABJ Document 15-2 Filed 06/06/23 Page 26 of 51
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It
Related Articles
Work
Different Order Types
Work
2022-01-06 02:57
Spot Trading
How to Trade Spot on Binance Website
Tutorial
Binance Earn
in
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and How to Place Them
Frequently Asked Questions
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Deposit/Withdrawal
Trading Limits and Rules
What is The Stop-Limit Function and
How to Use It
Buy Crypto
(Fiat/P2P)
How to Resolve Order Issues
Spot & Margin
Trading
What is Binance Spot Trading Fee and
How to Calculate
Spot Trading
Margin Trading
How to Customize the Trading Page
Theme and Layout
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How to Set
Finance
How to Spot Trade on Binance App
a
Price Alert on Binance
What are Market Makers and Takers
API
What is an OCO (One-Cancels-theOther) Order and How to Use It
Security
Other Topics
What Is Rebalancing Bot and Frequently
Asked Questions
Binance Convert
What Is Heatmap on Binance Spot
Trading
Binance Link
How to View Delisting Information for
Spot and Margin Tokens/Trading Pairs
on Binance
NFT
VIP
How to View My Spot Wallet Activity
How to View My Spot Trading Activity
How to Create a Spot Grid Trading
Strategy on Binance
Binance Spot Grid Trading Parameters
Tutorial Video
Grid trading
is a
Grid trading
is
type of quantitative trading strategy. This trading bot automates buying and selling on spot trading.
when orders are placed above and below
a
set price, creating
a
How to Download Spot Trading
Transaction History Statement
It is
designed to place orders
in
the market at preset intervals within
grid of orders at incrementally increasing and decreasing prices. In this way,
Binance Spot Grid Trading performs the best in volatile markets when prices fluctuate within
trading, it helps you trade rationally and avoid FOMO where possible.
a
it
constructs
a
a
configured price range.
trading grid.
specific range. Essentially, grid trading attempts to make profits on small price changes. Through quantitative
Risk Warning: Grid trading is a trading tool that should not be regarded as financial or investment advice from Binance. Undisciplined setting, unilateral quotation, market prices out of the grid range, all of the
above scenarios will result in losses. Grid trading is used at your discretion and at your own risk. Binance will not be liable for any loss that might arise from your use of the feature. It is recommended that users
should read and fully understand the Grid Trading Tutorial and make risk control and rational trading within their financial ability.
How
Log
If
in
to
access Spot Grid Trading on Binance?
to your Binance account on the Binance website, and click [Trade] - [Strategy Trading]
.
you are using the Binance App, tap [Trade] - [Spot] Tap [N.] and choose [The parameter mode]
.
.
PDF Page 28
Case 1:23-cv-01599-ABJ Document 15-2 Filed 06/06/23 Page 27 of 51
How
to
set up
You can create
a
a
Spot grid trading strategy?
grid trading strategy by setting up your own parameters, or select one of the preset parameters from [Strategy Pool] to start.
Using the preset parameters
*Please note that the strategy pool function
is
only available on the website.
1.
Go to [ Strategy Pool ] to view
2.
You will see the estimated ROI and PNL, the time the strategy has been running, and
all
the available preset parameters. You can
Please note that due to differences
in
filter
them by ROI, PNL, or popularity.
its
popularity. Select the strategy you want to use and click [Use Parameter]
market conditions, these preset parameters do not guarantee to deliver the same results.
Select either the [Arithmetic] or [Geometric] mode. The grid parameters are already filled and you only need to enter the investment amount. You may also set up
profit price (optional). Click [Create] to confirm.
3.
Please make sure that you have
a
sufficient balance
in
your Spot Wallet.
Set up your own parameters
1.
Go to [Create Strategy] Click [ Create ] under [Spot Grid]
2.
You will be redirected to the Spot Grid Trading interface. Select
.
.
.
a
trading pair from the
left
column. For example, BTC/BUSD.
a
trigger price,
a
stop-loss price, and
a
take-
PDF Page 29
Case 1:23-cv-01599-ABJ Document 15-2 Filed 06/06/23 Page 28 of 51
3.
Go to the parameter box on the right. You can use the recommended parameters under [Auto] or set up your own from [Manual]
3.1
If
.
you’re using [Auto] simply select the time period for the grid strategy and enter the investment amount. Click [Create] to set up.
,
3.2 If you choose [Manual] select either the [Arithmetic] or [Geometric] mode. Then, set the grid parameters, including the upper and lower price, grid number, and the coin to invest. You may also set up
trigger price, a stop-loss price, and a take-profit price under [Advanced (Optional)]
,
.
The system will calculate the minimum investment amount required based on the grid number and coin you selected. Enter the amount to invest and click [Create] to place your order.
Please make sure that you have
How
1.
to
a
sufficient balance
in
your Spot Wallet.
set up the Spot Grid Trading parameters?
Arithmetic & Geometric mode
In arithmetic mode, each grid has an equal price difference.
In geometric mode, each grid has an equal price difference ratio.
The more grids you include, the more funds you need to invest.
a
PDF Page 30
Case 1:23-cv-01599-ABJ Document 15-2 Filed 06/06/23 Page 29 of 51
Arithmetic
Geometric
2.
Lower Price and Upper Price
Lower Price: Bottom of the grid trading price range. The system will no longer execute orders when the market price
Upper Price: Top of the grid trading price range. The system will no longer execute orders when the market price
3.
is
is
lower than the Lower Price.
higher than the Upper Price.
Grids
Divide the interval upper limit price and interval lower limit price into corresponding shares.
4.
Invested Coin
You can choose to invest
For example,
if
in
single or dual crypto.
you chose to invest by BTC, the strategy will only use BTC from your Spot Wallet.
If
you choose to invest by BTC+BNB, the strategy will use both BTC and BNB from your Spot Wallet.
Please note that the actual investment amount required for the Grid Trading strategy depends on the market and may not equal the amount you entered.
5.
Available amount
The available assets
in
your Spot Wallet.
Your grid creation might fail if there is insufficient balance in your Spot Wallet. Please note that the frozen assets from other open orders cannot be used to place new orders. You can cancel your open orders
to utilize your available assets, or adjust the number of grids to reduce the investment amount required to open orders.
6.
Trigger Price (Optional)
The grid orders will be triggered when the Last Price rises above or falls below the trigger price you entered.
7.
Stop Trigger (Optional)
You can use Stop Trigger to stop trading when the market price triggers the set prices:
Stop Loss: should be less than the lower price, last price and trigger price; when the latest market price reaches the Stop Loss price, the grid will stop working.
Take Profit: should be higher than the upper price, last price and trigger price; when the latest market price reaches the Take Profit price, the grid will stop working.
For example, if you create a BTC grid order with no trigger price, a certain percentage of BNB will be immediately bought at the market price for opening the grid trading.
wait for the market price to hit the trigger before buying BNB at the set price.
If
you have both BTC and BNB
8.
Sell All Base Coins on Stop
in
your Spot Wallet, you can also choose to invest
in
all
base coins at market price when the grid
End
Click [End] to stop grid operation. Running orders will be canceled and
all
profits will be settled immediately at market price.
Spot Grid Trading follows the spot market trading rules You need to abide by the rules when placing orders.
.
How
to
check my Spot Grid orders?
For running orders:
1.
To check your order progress, go to the [Running] tab and click the order icon next to the order.
Alternatively, tap [Running] on the Binance App.
2.
You will be redirected to the order details page.
a
trigger price, the system will
BTC+BNB to avoid the additional expense (e.g. transaction fees) incurred when buying BNB.
Once you enable the [Sell All Base Coins on Stop] function, the strategy will automatically sell
your Spot Wallet.
9.
you set
If
is
stopped. When the function
is
disabled,
all
base coins will be kept
in
PDF Page 31
Case 1:23-cv-01599-ABJ Document 15-2 Filed 06/06/23 Page 30 of 51
You can check the order progress under each tab:
Working: Your ongoing Grid trading orders;
Completed: Orders already filled under this strategy;
Grid Details: Details of your grid settings. You can
still
set or edit the Stop-Trigger price under Advanced Settings after the grid has been created.
For past orders:
1.
Click on the [History] tab to check your grid trading history and view grid details of completed orders.
Grid trading strategy example
You can use Grid Trading strategy to buy low and sell high. Let’s use BTC/BUSD as an example. Suppose your strategy parameters are set as below:
Upper price: 60,000 BUSD
Lower price: 40,000 BUSD
Number of grids:
5
Mode: Arithmetic
Amount invested: 10,000 BUSD
Current price of BTC/BUSD: 50,000 BUSD
The price structure of this strategy will be placed at 60,000 BUSD, 56,000 BUSD, 52,000 BUSD, 48,000 BUSD, 44,000 BUSD, and 40,000 BUSD according to the parameters you set.
Binance Spot Grid Trading uses normal grids. Orders are placed from the top grid to the bottom grid. When a buy order is filled, a sell order will be placed on the grid above it. As the upper price is set at 60,000
BUSD, the grid strategy will begin by placing a buy order at 56,000 BUSD. This buy order price is higher than the current price (50,000 BUSD), so in theory it will be immediately filled. After the 56,000 order is filled,
a new sell order will be placed at 60,000 BUSD. When the buy order at 52,000 BUSD is filled, a sell order of 56,000 BUSD will be placed accordingly and reaches the 48,000 BUSD grid. As the current price is 50,000
BUSD, the buy order at 48,000 cannot be filled, therefore no orders will be placed at 52,000 BUSD. Similarly, the buy orders at 44,000 and 40,000 BUSD will not be filled.
This is how Grid Trading calculates the actual amount of base currency needed for placing orders and paying transaction fees.
the grid. When the grid strategy is successfully activated, the order placement will be as follows:
Price (BUSD)
Order Type
60,000
Sell
56,000
Sell
52,000
No orders will be placed
48,000
Buy
44,000
Buy
40,000
Buy
After implementing Grid Trading, when the current price drops to 48,000 BUSD, the buy order will be filled and
order will be filled and a buy order will be placed at 48,000 BUSD to buy low and sell high.
a
It
will then automatically place market orders to buy the base currency needed for
sell order will be placed at 52,000 BUSD. When the market price pulls back to 52,000 BUSD, the sell
When the BTC price rises above 60,000 BUSD or falls below 40,000 BUSD, the strategy will be suspended. When the price returns to the price range you set, the strategy will resume.
Case 1:23-cv-01599-ABJ Document 15-2 Filed 06/06/23 Page 32 of 51
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VIP
How to View My Spot Wallet Activity
How to View My Spot Trading Activity
How to Create a Spot Grid Trading
Strategy on Binance
Video Tutorial： Click this video to learn how to spot trade on Binance
Binance Spot Grid Trading Parameters
A spot trade
is a
simple transaction between
Users can prepare spot trades
Making
a
in
buyer and
a
seller to trade at the current market rate, known as the spot price. The trade takes place immediately when the order
advance to trigger when
a
specific (better) spot price
a
is
reached, known as
a
is
fulfilled.
limit order. You can make spot trades on Binance through our trading page interface.
spot trade on the Binance Website
1.
Visit the Binance website and click [Log
2.
Click on any cryptocurrency on the home page to go directly to the corresponding spot trading page. You can find
3.
You will now find yourself on the trading page interface.
in]
at the top right corner.
a
larger selection by clicking [View more markets] at the bottom of the
list.
How to Download Spot Trading
Transaction History Statement
Case 1:23-cv-01599-ABJ Document 15-2 Filed 06/06/23 Page 40 of 51
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Different Order Types
2022-09-26 02:15
How to Trade Spot on Binance Website
You can easily view your Spot Wallet activities, including activity history, asset balance, and today’s PnL, from the Binance website and App.
What are Market Order and Limit Order,
and How to Place Them
How
Trading Limits and Rules
Binance Fan Token
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1.
Log
Support Center
to
in
FAQ
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Spot Trading
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How to View My Spot Wallet Activity
view my Spot Wallet activities from the Binance website?
to your Binance account and go to [Wallet]
- [
Fiat and Spot
in
Spot Trading
What is The Stop-Limit Function and
How to Use It
].
How to Resolve Order Issues
Spot & Margin
Trading
What is Binance Spot Trading Fee and
How to Calculate
Spot Trading
Margin Trading
How to Customize the Trading Page
Theme and Layout
Crypto Derivatives
How to Set
Finance
How to Spot Trade on Binance App
API
2.
You can view
all
the
fiat
and crypto assets you hold and their respective balance. You can also buy, trade, deposit, withdraw, and convert them under [Action]
.
a
Price Alert on Binance
What are Market Makers and Takers
What is an OCO (One-Cancels-theOther) Order and How to Use It
Security
Other Topics
What Is Rebalancing Bot and Frequently
Asked Questions
Binance Convert
What Is Heatmap on Binance Spot
Trading
Binance Link
How to View Delisting Information for
Spot and Margin Tokens/Trading Pairs
on Binance
NFT
VIP
How to View My Spot Wallet Activity
Please note that the assets are ranked according to the value of your holdings, calculated based on the latest market price. You can sort the assets by clicking the arrows next to each field.
How to View My Spot Trading Activity
How to Create a Spot Grid Trading
Strategy on Binance
Binance Spot Grid Trading Parameters
How to Download Spot Trading
Transaction History Statement
[Total] shows the total balance of that asset;
[Available] shows the asset balance that
is
available for use;
[In Order] shows the amount of assets that are frozen for open orders, including spot orders, NFT bidding, P2P orders, etc. Once the order
[In Order] will decrease;
[BTC Value] shows the total amount of assets
in
your account, estimated
in
You may view your profit and loss analysis of the day by clicking the arrow next to [Today’s PnL]
4.
You can view the profit and loss of your Spot Wallet assets during
Today’s PnL
=
Current Spot Wallet balance
Cumulative PnL
=
Cumulative PnL
/
closed (filled, canceled, or expired), the amount of assets under
BTC. Please note that this does not equal the amount of BTC you hold.
3.
a
is
.
specific period.
Initial Spot Wallet balance of the day - Net total of transfer and deposit of the day
-
(Initial Spot Wallet Balance on Day
1 +
Daily Cumulative Average Net Transfer and Deposit from Day
1
to Day N)
Asset Allocation ranks your Spot Wallet assets by volume, calculated based on the latest market price
Daily PnL
=
Daily end-of-day Spot Wallet asset balance
Asset Net Worth shows the total net value of
all
-
Daily Spot Wallet asset balance at 00:00 - Net total of transfer and deposit of the day
Spot Wallet assets from Day
1
to Day N
Please note:
The data statistics time
is
based on UTC+0 and the daily maintenance time
is
00:00 - 02:00 (UTC+0). During the data maintenance period, the previous day’s profit and loss will not be displayed.
Due to the complexity of data, there may be calculation errors and delays. The above data
5.
You can view
all
the crypto
in
your Spot Wallet. Click the [>] next to each asset to view
its
is
for reference only.
transaction history.
PDF Page 42
Case 1:23-cv-01599-ABJ Document 15-2 Filed 06/06/23 Page 41 of 51
You can
filter
the transactions from the drop-down menu.
Please note:
The currency details page only supports your transaction history for the past
3
months. To view older transaction records, please refer to How to Download Spot Trading Transaction History Statement
Currently, you can only view your deposit, withdrawal, Binance Convert, buy, sell, Binance Earn, distribution, and transfer history.
How
1.
Log
to
in
view my Spot Wallet activities from the Binance App?
to your Binance App and go to [Wallets] - [Spot] Here you can view
.
all
the crypto assets you hold and their respective balance, ranked from high to low based on the latest market price.
*Please note that the valuation displayed on your Spot Wallet does not represent the actual value of the asset you hold. Please check
2.
Tap on the [>] next to [Today’s PNL] to view your profit and loss analysis.
3.
You may also tap on
a
specific crypto to view details on the asset.
if
the amount of assets displayed
is
correct.
.
Case 1:23-cv-01599-ABJ Document 15-2 Filed 06/06/23 Page 43 of 51
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Different Order Types
Spot Grid Trading Strategy on Binance
in
Spot Trading
2022-08-09 23:11
How to Trade Spot on Binance Website
You can create your own spot grid trading strategy on Binance by setting parameters or copying existing parameters from the Strategy Pool. Follow the step-by-step guide below to start spot grid trading.
What are Market Order and Limit Order,
and How to Place Them
How
Trading Limits and Rules
1.
Log
create
to
in
a
spot grid trading strategy?
to your Binance account and go to [Trade]
- [
Strategy Trading
]
What is The Stop-Limit Function and
How to Use It
.
How to Resolve Order Issues
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Trading
What is Binance Spot Trading Fee and
How to Calculate
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a
Price Alert on Binance
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API
2.
Go to [Create Strategy] and click [Create] next to [Spot Grid]
.
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Security
Other Topics
What Is Rebalancing Bot and Frequently
Asked Questions
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Binance Link
How to View Delisting Information for
Spot and Margin Tokens/Trading Pairs
on Binance
NFT
VIP
3.
How to View My Spot Wallet Activity
You will be redirected to the Spot Grid Trading interface Go to the market you want to trade, for example, BTC/BUSD.
.
How to View My Spot Trading Activity
How to Create a Spot Grid Trading
Strategy on Binance
Binance Spot Grid Trading Parameters
How to Download Spot Trading
Transaction History Statement
4.
Select [Auto] or [Manual]
Auto
:
It
.
will automatically generate parameters based on the technical analysis of the symbol price and the time period you select.
Please note that the system will use market prices in different time intervals to calculate the most suitable strategy parameters for you, but there
recommended parameters will vary depending on the time period you select.
is
no guarantee how long your grid strategy will run. The
Manual : You can copy the parameters from the [Auto] tab and modify them into your own grid strategy, or use the [Arithmetic] or [Geometric] mode to set parameters for your grid strategy.
For more details, please refer to How to Use Spot Grid Trading Auto Parameters
.
PDF Page 45
Case 1:23-cv-01599-ABJ Document 15-2 Filed 06/06/23 Page 44 of 51
How
to
use an existing parameter
create
spot grid trading strategy?
a
1.
Log
2.
Go to [Strategy Pool] to search for existing strategies. Select the market, running time, ROI, and zone, then click [Filter]
3.
You can view the available strategies and their respective ROI, PnL, and popularity. To create
4.
Select the [Arithmetic] or [Geometric] mode and enter the number of grids and investment amount. You may also set the trigger price and the stop-loss/take-profit price for the order. Click [Create]
in
to your Binance account and go to [Trade]
to
Please note that due to differences
5.
Your order
is
in
- [
Strategy Trading
]
.
market conditions when creating an order, using
a
.
spot grid order using an existing strategy, click [Use Parameter]
a
.
shared parameter to create your order does not guarantee to deliver you the same result.
successfully created. To view or cancel your grid trading strategy, go to [Running]
.
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Different Order Types
Force Order, and Iceberg Order
2021-07-26 06:40
in
Spot Trading
How to Trade Spot on Binance Website
When you place an order on Binance.com, you can select from an array of order types to
fulfill
your different needs.
Crypto
Deposit/Withdrawal
1.
Buy Crypto
(Fiat/P2P)
When placing a limit order, you can check the [Post Only] box and your order will not be executed immediately in the market. It will exist as
already on the book. Maker orders add liquidity to the market. You will only be charged a maker fee, not a taker fee, when your placed order
Spot & Margin
Trading
However, if you want to execute part of the order immediately, for example, you want to buy an asset at
placement.
Limit Order
-
What are Market Order and Limit Order,
and How to Place Them
Maker (Post Only)
Trading Limits and Rules
a
maker order on the order book, but never match with orders that are
is executed.
a
price above the current market price, the system will automatically cancel your order upon the order
What is The Stop-Limit Function and
How to Use It
How to Resolve Order Issues
What is Binance Spot Trading Fee and
How to Calculate
Spot Trading
Margin Trading
How to Customize the Trading Page
Theme and Layout
Crypto Derivatives
How to Set
Finance
How to Spot Trade on Binance App
a
Price Alert on Binance
What are Market Makers and Takers
API
What is an OCO (One-Cancels-theOther) Order and How to Use It
Security
Other Topics
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Asked Questions
Binance Convert
What Is Heatmap on Binance Spot
Trading
Binance Link
How to View Delisting Information for
Spot and Margin Tokens/Trading Pairs
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NFT
VIP
How to View My Spot Wallet Activity
How to View My Spot Trading Activity
How to Create a Spot Grid Trading
Strategy on Binance
Binance Spot Grid Trading Parameters
How to Download Spot Trading
Transaction History Statement
2.
Time
in
Force Order
Time in force indicates how long your order will remain active before
order.
it
is
executed or expired. This allows you to be more specific about the time parameters, and you can customize the time when you place an
At Binance, you can place GTC (Good-Till-Cancel), IOC (Immediate-Or-Cancel), or FOK (Fill-Or-Kill) orders:
GTC (Good-Till-Cancel) : the order will last until
it
is
completed or you cancel
it.
IOC (Immediate-Or-Cancel) : the order will attempt to execute all or part of it immediately at the price and quantity available, then cancel any remaining, unfilled part of the order.
at the chosen price when you place the order, it will be canceled immediately. Please note that Iceberg orders are not supported.
FOK (Fill-Or-Kill) : the order
is
instructed to execute
in full
immediately (filled), otherwise
it
will be canceled (killed). Please note that Iceberg orders are not supported.
If
no quantity
is
available
PDF Page 51
Case 1:23-cv-01599-ABJ Document 15-2 Filed 06/06/23 Page 50 of 51
3.
Iceberg Order
Iceberg orders are large orders split up into a series of small limit orders. Typically, they are placed in this way to avoid disrupting the market with a single large order. Iceberg orders consist of visible and hidden
orders, only a small portion of it is displayed on the order book. When the visible orders are executed, the hidden orders will then transition to the order book.
Iceberg order will split the original order into several orders on the orderbook, only after the current one
(cannot be higher than 10).
is
completed, the next one will be placed. The number of icebergs
For example, you wish to sell 1,000 BNB with limit order, you can place your order by checking the [Iceberg] button.
100 BNB per order). After the initial order is filled, the other orders will be executed progressively.
Fill in
=
Order Amount
/
Iceberg Amount
the total amount you want to sell and your order will be divided into small orders (e.g.
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