As the crypto market begins to rise again after a recent slump, there is an expectation somewhat of increased traders and investors. Binance has decided to take steps in preventing potential criminal activity with regards to manipulation of the market as well as misleading other users. This has brought about a new feature called ‘Self Trade Prevention’ (STP).
The feature has been launched for the users of Binance’s API. This service from the exchange allows algorithmic traders to automate trading using programming language.
Once the STP feature is enabled, this will restrict the implementation of self-trading orders where traders trade amongst themselves to give others the impression that trading activities around a particular crypto are more than they really are.
This new feature will be live from Today (26 January 2023).
