Binance recently rolled out their own API client and it's absolutely massive

I'm probably just nerding out but I'm actually really excited about this.

Algorithmic traders used to rely on third-party libraries to interact with the Binance API. Well, Binance just rolled out a massive Library that covers pretty much everything from Spot trading to Loans as well as Staking and NFTs.

That means no more dealing with Github repositories that only work half the time and are not maintained or are simply abandoned. In the long run, this is going to significantly simplify and make algorithmic trading more accessible by making it easier for people to interact with the API in a direct and efficient manner.

Here's just how easy it is to programmatically place an order using the new Binance Connector Library:

Install the Binance connector library:

pip install binance-connector 

Import the Binance Client:

from binance.client import Client 

Authenticate and select the Spot client for spot trading

client = Spot(api_key='KEY', api_secret='SECRET') 

Place a Market Buy Order

# Post a new order params = { 'symbol': 'BTCUSDT', 'side': 'BUY', 'type': 'MARKET', 'quantity': 0.002, } response = client.new_order(**params) print(response) 

And that's all it takes to programmatically create a market buy order. Other functions are even easier to accomplish. For instance, you can fetch the last 500 1m candles for a symbol of your choice in fewer characters than it took me to explain it.

print(client.klines("BTCUSDT", "1m")) 

These are just two of the methods made available with this library. Just to get a sense of how much infrastructure Binance wrote in this new library, I compiled a list of all available functions from this library according to the endpoints that they use:

MARKET: ping, time, exchange_info, depth, trades, historical_trades, agg_trades, klines, ui_klines, avg_price, ticker_24hr, ticker_price, book_ticker, rolling_window_ticker

ACCOUNT (including orders and trades): new_order_test, new_order, cancel_order, cancel_open_orders, get_order, cancel_and_replace, get_open_orders, get_orders, new_oco_order, cancel_oco_order, get_oco_order, get_oco_orders, get_oco_open_orders, account, my_trades, get_order_rate_limit

STREAMS: new_listen_key, renew_listen_key, close_listen_key, new_margin_listen_key, renew_margin_listen_key, close_margin_listen_key, new_isolated_margin_listen_key, renew_isolated_margin_listen_key, close_isolated_margin_listen_key

MARGIN: margin_transfer, margin_borrow, margin_repay, margin_asset, margin_pair, margin_all_assets, margin_all_pairs, margin_pair_index, new_margin_order, cancel_margin_order, margin_transfer_history, margin_load_record, margin_repay_record, margin_interest_history, margin_force_liquidation_record, margin_account, margin_order, margin_open_orders, margin_open_orders_cancellation, margin_all_orders, margin_my_trades, margin_max_borrowable, margin_max_transferable, isolated_margin_transfer, isolated_margin_transfer_history, isolated_margin_account, isolated_margin_pair, isolated_margin_all_pairs, toggle_bnbBurn, bnbBurn_status, margin_interest_rate_history, new_margin_oco_order, cancel_margin_oco_order, get_margin_oco_order, get_margin_oco_orders, get_margin_open_oco_orders, cancel_isolated_margin_account, enable_isolated_margin_account, isolated_margin_account_limit, margin_fee, isolated_margin_fee, isolated_margin_tier, margin_order_usage, margin_dust_log, summary_of_margin_account

SAVINGS: savings_flexible_products, savings_flexible_user_left_quota, savings_purchase_flexible_product, savings_flexible_user_redemption_quota, savings_flexible_redeem, savings_flexible_product_position, savings_project_list, savings_purchase_project, savings_project_position, savings_account, savings_purchase_record, savings_redemption_record, savings_interest_history, savings_change_position

Staking: staking_product_list, staking_purchase_product, staking_redeem_product, staking_product_position, staking_history, staking_set_auto_staking, staking_product_quota

WALLET: system_status, coin_info, account_snapshot, disable_fast_withdraw, enable_fast_withdraw, withdraw, deposit_history, withdraw_history, deposit_address, account_status, api_trading_status, dust_log, user_universal_transfer, user_universal_transfer_history, transfer_dust, asset_dividend_record, asset_detail, trade_fee, funding_wallet, user_asset, api_key_permissions, bnb_convertible_assets, convertible_coins, toggle_auto_convertion, cloud_mining_trans_history, convert_transfer, convert_history

MINING: mining_algo_list, mining_coin_list, mining_worker, mining_worker_list, mining_earnings_list, mining_bonus_list, mining_statistics_list, mining_account_list, mining_hashrate_resale_request, mining_hashrate_resale_cancellation, mining_hashrate_resale_list, mining_hashrate_resale_details, mining_account_earning

SUB-ACCOUNT: sub_account_create, sub_account_list, sub_account_assets, sub_account_deposit_address, sub_account_deposit_history, sub_account_status, sub_account_enable_margin, sub_account_margin_account, sub_account_margin_account_summary, sub_account_enable_futures, sub_account_futures_transfer, sub_account_margin_transfer, sub_account_transfer_to_sub, sub_account_transfer_to_master, sub_account_transfer_sub_account_history, sub_account_futures_asset_transfer_history, sub_account_futures_asset_transfer, sub_account_spot_summary, sub_account_universal_transfer, sub_account_universal_transfer_history, sub_account_futures_account, sub_account_futures_account_summary, sub_account_futures_position_risk, sub_account_spot_transfer_history, sub_account_enable_leverage_token, managed_sub_account_deposit, managed_sub_account_assets, managed_sub_account_withdraw, sub_account_update_ip_restriction, sub_account_api_get_ip_restriction, sub_account_api_delete_ip, managed_sub_account_get_snapshot, managed_sub_account_investor_trans_log, managed_sub_account_trading_trans_log, managed_sub_account_deposit_address

FUTURES: futures_transfer, futures_transfer_history, futures_loan_borrow_history, futures_loan_repay_history, futures_loan_wallet, futures_loan_adjust_collateral_history, futures_loan_liquidation_history, futures_loan_interest_history

BLVTs: blvt_info, subscribe_blvt, subscription_record, redeem_blvt, redemption_record, user_limit_info

BSwap: bswap_pools, bswap_liquidity, bswap_liquidity_add, bswap_liquidity_remove, bswap_liquidity_operation_record, bswap_request_quote, bswap_swap, bswap_swap_history, bswap_pool_configure, bswap_add_liquidity_preview, bswap_remove_liquidity_preview, bswap_unclaimed_rewards, bswap_claim_rewards, bswap_claimed_rewards

FIAT: fiat_order_history, fiat_payment_history

C2C: c2c_trade_history

LOANS: loan_history, loan_borrow, loan_borrow_history, loan_ongoing_orders, loan_repay, loan_repay_history, loan_adjust_ltv, loan_adjust_ltv_history, loan_vip_ongoing_orders, loan_vip_repay, loan_vip_repay_history, loan_vip_collateral_account, loan_loanable_data, loan_collateral_data, loan_collateral_rate, loan_customize_margin_call

PAY: pay_history

CONVERT: convert_trade_history

REBATE: rebate_spot_history

NFT: nft_transaction_history, nft_deposit_history, nft_withdraw_history, nft_asset

Gift Card (Binance Code in the API documentation): gift_card_create_code, gift_card_redeem_code, gift_card_verify_code, gift_card_rsa_public_key, gift_card_buy_code, gift_card_token_limit

Portfolio Margin: portfolio_margin_account, portfolio_margin_collateral_rate, portfolio_margin_bankruptcy_loan_amount, portfolio_margin_bankruptcy_loan_repay

It's nice to see a company like Binance actively investing in tech infrastructure and caring about a somewhat overlooked segment of the market and I'm hoping that other exchanges take note and develop their own SDKs and wrappers for developers to use.