Dear Users,

To enhance our trading environment and mitigate high-risk trading activities, BingX is set to update the API trading rules for Spot and Perpetual Futures starting 2024-11-15.
Buying restrictions will be triggered if the number of orders in the past hour exceeds the threshold and the order cancellation rate is over 60% (selling is not affected). These restrictions will be automatically lifted after 10 minutes. Details are as follows:

Indicators
Statistical Type
Time Range
Order Threshold
Order Cancellation Rate
Buying Restriction Time
Restrictions on Order Types & Activities
Total cancellation rate
All completed orders
Past 1 hour
2,000
≥ 60%
10 minutes
All buy orders
Limit orders cancellation rate
Completed limit orders
Past 1 hour
500
≥ 60%
10 minutes
Limit buy orders
Maker orders cancellation rate
Completed Post Only orders
Past 1 hour
500
≥ 60%
10 minutes
Post Only buy orders
IOC orders cancellation rate
Completed IOC orders
Past 1 hour
500
≥ 60%
10 minutes
IOC buy orders
FOK orders cancellation rate
Completed FOK orders
Past 1 hour
500
≥ 60%
10 minutes
FOK buy orders

*Order cancellation rate = number of canceled orders ÷ total historical orders

 

Thank you for your understanding and support!

 

BingX Operation Team

2024-11-14

 

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