- The innovation combines the security and transparency of verifiable self-custody with the speed and ease of automated trading.
- Secure Auto Sign feature allows for a new kind of Limit Order that provides more flexibility, increased cost effectiveness, and more sophisticated order administration.
To provide sophisticated users better trading tools and a more efficient experience, Binance, the leading blockchain ecosystem in the world behind the biggest cryptocurrency exchange in terms of both trading volume and user base, has introduced DEX Pro Mode in Binance Wallet. In contrast to conventional decentralized exchanges, the new functionality, which is driven by the ground-breaking Secure Auto Sign feature, allows for a new kind of Limit Order that provides more flexibility, increased cost effectiveness, and more sophisticated order administration.
Winson Liu, Global Lead of Binance Wallet stated:
“With DEX Pro Mode in Binance Wallet, we wanted to give people more freedom to trade the way they want. You can set target prices, keep your funds unlocked, and let Secure Auto Sign handle the execution automatically while staying in full control of your private keys. This bridges the gap between the seamless experience of a centralized exchange and the transparency and flexibility of self-custodial trading. It’s part of our broader goal to make advanced Web3 tools feel as intuitive and accessible as possible.”
By establishing target prices to purchase or sell tokens automatically when market conditions are satisfied, users may issue Limit Orders in DEX Pro Mode. With the help of Secure Auto Sign, users may make and handle orders more effectively without having to repeatedly approve them by hand. The Trusted Execution Environment (TEE), a safe and segregated component of the hardware that shields private keys from outside access, is where safe Auto Sign functions. For seven days once it is activated, the wallet may sign transactions automatically on the user’s behalf; however, permissions can be managed, revoked, or renewed at any time.
The innovation combines the security and transparency of verifiable self-custody with the speed and ease of automated trading.
Binance Wallet solves typical issues encountered by traders on conventional decentralized exchanges by fusing Secure Auto Sign with Limit Orders. Increased efficiency and flexibility help users in the following ways:
- Multiple pending orders: Traders may use the same wallet balance to make several orders at once. This is especially helpful when aiming for certain price points across many tokens; the token that hits the price goal first will be purchased or sold.
- Unlocked funds: Users may continue dealing freely after setting a Limit Order since funds are available while orders are pending. Users must make sure the necessary quantity is refilled before the target price is achieved for the order to execute if they temporarily spend the money after setting a limit order.
- No upfront gas fees: Because gas fees are only assessed when an order is executed, traders may change or cancel orders at no further expense.
Additionally, the DEX Pro Mode provides a streamlined interface that displays important token metrics inside the trading flow, including as market capitalization, liquidity, trading volume, and holder data. DEX Pro Mode makes it quicker and simpler for users to make well-informed trading choices by centralizing this information, removing the need to go between token description pages and the trading interface.
With this release, Binance Wallet is growing its line of self-custodial solutions that are intended to provide its customers cutting-edge trading capabilities.
