Dear Gate API Users,
In our ongoing commitment to optimize resource allocation and enhance the trading experience, we announce an update to the rate limit rules for our Perpetual Futures API, effective from 8:00 on August 5th, 2024 (UTC).
The platform will implement rate limiting for trading activities that involve frequent order placement, cancellation, or modification with a low fill ratio over a short period. The specifics are as follows:
● The order placement (POST /futures/{settle}/orders) and order modification (PUT/futures/{settle}/orders/{order_id}) API endpoints will be subject to a rate limit, capped at a maximum of 10 requests per 10 seconds.
● The system will perform a continuous evaluation of trading behaviors. Upon detection of a strategy adjustment that aligns with our efficiency benchmarks, the rate limit will be automatically lifted within a two-hour timeframe.
We encourage all users to adhere to the new API usage guidelines and express our gratitude for your understanding and support.
Should you have any inquiries or require assistance, please do not hesitate to contact your account manager.
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Gate Team
July 30, 2024
