Cryptocurrency exchange Binance is introducing a new feature called self-transaction prevention (STP) to prevent users from incurring unnecessary trading fees. Starting from October 26th, the STP function will be available for all spot and margin trading users. The default mode for all trading pairs and orders will be the “expire maker” STP mode. Users will be able to view expired orders due to the STP function on Binance’s official website, app, and desktop app. The STP functionality was introduced in January 2023 to block self-trades, which occur when API traders unintentionally or intentionally trade with themselves. This feature helps users avoid fees associated with such transactions. While unintentional self-trading is addressed through the STP, intentional self-trades are prohibited as they can be considered market manipulation. Binance’s market surveillance team actively monitors for intentional self-trading and other forms of manipulation. The STP feature was previously integrated for USD-margined futures on API in August 2023. It is optional and only takes effect when enabled by users.

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Geography	Global
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