Gate has launched Spot POV (Percentage of Volume) algorithmic orders, a new execution tool designed to help traders buy or sell large amounts without causing sharp price swings.
Instead of placing one large order into the market, the system divides it into smaller IOC (Immediate-or-Cancel) limit orders. Each order is released based on current trading activity and a user-selected participation rate, allowing execution to follow market volume rather than forcing trades all at once.
The feature is intended for traders handling large positions in liquid markets such as Bitcoin and Ether, where execution quality is often more important than immediate completion.
Users can choose the total order size, participation rate, limit price, and validity period. If trading activity increases, the system can submit larger orders. If liquidity falls, the order book becomes thin, or prices move outside the user’s limit, execution slows or pauses.
Gate also built an automatic correction system into the tool. If too little of the order is executed compared to the target participation rate, later orders may become slightly larger. If execution moves too quickly, the system temporarily reduces activity to keep trading close to the selected pace. The exchange said execution is still affected by market liquidity, order book depth, price limits, and trading volume, meaning full execution is not guaranteed.
Big orders just got smarter.
Gate Spot POV Algorithmic Orders are now live, helping traders execute large $BTC, $ETH, and other liquid asset orders gradually by following real-time market volume, reducing market impact.
Set your order size, participation rate, and execution… pic.twitter.com/Z21g05qcxy
— Gate (@Gate) July 20, 2026
Can POV orders save crypto traders money by reducing slippage?
Instead of traders submitting one large buy or sell order that can move the market, a POV (Percentage of Volume) order splits the trade into smaller pieces based on real-time market activity. For example, a trader buying 500 BTC can spread the order across multiple trades instead of pushing the price higher with a single purchase. That can help secure a better average execution price.
The strategy has long been used by institutional investors in stock and foreign exchange markets to reduce market impact. It works best in liquid markets with steady trading activity. In crypto, however, liquidity can dry up quickly during periods of high volatility, limiting its effectiveness. A POV order cannot guarantee a better price or prevent losses, but it can reduce the extra cost caused by a trader’s own order.
For most retail traders making small purchases, the difference is likely to be minimal. The biggest benefits are for whales, institutions, and active traders moving large amounts of crypto, where even a 0.1% reduction in slippage on a $10 million trade could save about $10,000. Whether Gate’s version delivers those results will only become clear after it is tested in live market conditions.
Algorithmic trading is becoming a competitive feature for exchanges
Banks, hedge funds, and asset managers have relied on POV orders for years in traditional stock markets to execute large trades without moving prices against themselves. Instead of buying or selling everything at once, the orders are spread out over time, helping reduce slippage and limiting the market’s reaction.
Crypto exchanges are now bringing the same tools on-chain as institutional participation grows. The selling point is straightforward: better execution for large trades, lower trading costs, and less chance of triggering sudden price swings.
The approach has worked well in deep, liquid markets such as U.S. equities, but crypto presents a different challenge. Liquidity can disappear quickly during sharp sell-offs, causing algorithmic strategies to struggle to maintain their target execution pace. That has led some traders to question how well these systems will perform during periods of extreme volatility.
Early reactions to Gate’s launch show both views. One user welcomed the feature, saying,
“This is awesome! Trading just got a whole lot easier.”
Others were more cautious, with one commenting that the system
“sounds good in theory, let’s see it survive a real dump.”
sounds good in theory, let’s see it survive a real dump
— TriDung.sol 🐬TermMax (@TD_bbboys258) July 20, 2026
Those reactions capture the real test ahead. The value of POV orders will not be judged by how they perform in calm markets, but by whether they can keep execution efficient when liquidity dries up, and prices begin moving rapidly.
Meanwhile, Gate has integrated Robinhood Chain into its platform, becoming one of the first major exchange-based onchain gateways to support the network across trading, wallet, and cross-chain services.
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