Binance has started implementing a significant update to its Spot API, introducing enhancements to improve performance and lighten the load for developers and trading platforms.
This update began on April 7 and will continue until April 24. It includes several key improvements designed to streamline operations and reduce system strain.
One of the most notable updates impacts the myTrades endpoint, reducing the request weight from 20 to just 5 for calls with a specific trade identifier. This change allows for more frequent queries without overloading the system, enhancing the experience for developers and trading bots using the API. Further updates are expected by April 24, which will modify how users can retrieve, cancel, or replace trades. These adjustments are particularly beneficial for third-party applications, aiming to streamline operations and improve efficiency for all users and developers.
Binance is updating its real-time account activity tracking system by retiring the older listenKey feature and replacing it with a more secure, lower-latency connection using Ed25519 API keys. This change aims to enhance users’ security and performance. Legacy endpoints for user data streams will be removed from future documentation, but reference materials will still be available. These updates can be tested on the Binance Spot Testnet, and Binance assures that actual trading will remain unaffected. Users and developers must check the Binance Spot API Change Log and GitHub documentation for technical details. Rollout timelines may differ by region, and Binance retains the right to modify or cancel changes without notice.
Meanwhile, Binance Wallet has launched its eighth Exclusive Token Generation Event (TGE), showcasing StakeStone, an omnichain liquidity protocol designed to tackle DeFi liquidity fragmentation. The event, scheduled for April 3 from 08:00 AM to 08:30 AM UTC, allows users to subscribe and claim a share of the 10 million STO tokens allocated for marketing purposes.
If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
