Korbit Enhances Time-Weighted Average Price Trading Function for Corporate Clients

"Enhancing Trading Stability and Convenience"

Korbit, Korea's first virtual asset exchange, announced on March 26 that it has enhanced the TWAP (Time-Weighted Average Price) trading function of its corporate-exclusive service, "Korbit Biz."

Korbit has added a limit IOC (Immediate or Cancel) TWAP trading feature. With this addition, the company explained that corporate clients can now execute large orders by splitting them more precisely within their desired price range, while minimizing potential market impact.

To prevent unexpected losses, safety mechanisms have also been strengthened. A real-time chart has been embedded within the TWAP settings screen, allowing users to instantly monitor price trends. In particular, a new feature has been introduced to prevent orders from being executed if their price deviates by more than 5% from the average price (mid-price) of the best bid or ask.

Following this update, Korbit also plans to introduce support for open APIs for corporate clients.

Lee Jeongwoo, CTO and CPO of Korbit, stated, "This update focused on meeting both trading stability and client protection by thoroughly analyzing actual trading patterns of our corporate clients. We will continue to enhance our services to provide a reliable virtual asset trading environment for corporate members in the future."

This content was produced with the assistance of AI translation services.