Ethereum: Binance: Partial Deep Ledger Flows

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Ethereum: Binance: Partial Depth of Book Streams

Partial Depth of Book Streams is an advanced feature offered by Binance, a leading cryptocurrency exchange. This feature allows users to connect their Ethereum accounts to the Binance API and access real-time market data, including partial depth of book.

What is partial depth of book?

Partial depth of book refers to the ability of a market maker or liquidity provider to provide information about the current state of the order book for a particular asset at any given time. This information can be used by users who want to execute trades more precisely and accurately.

Binance’s Partial Depth of Book Streams

Binance offers partial depth of book streams for Ethereum, allowing users to access this data via the Binance API. To use partial book depth streams you will need:

• A valid Ethereum account on Binance

• A Binance API key (create it in your Binance account)

• The stream.partialBookDepth endpoint

Here is some code example using JavaScript and WebSocket:

const APIKEY = 'YOUR_API_KEY';
const APISECRET = 'YOUR_API_SECRET';
const socket = new WebSocket('wss://stream.binance.com/spot/api/v4/stream/partialbookdepth');
socket.onmessage = (event) => {
const partialBookDepthData = JSON.parse(event.data);
console.log(partialBookDepthData);
};
socket.onopen = () => {
// Send a request to the API for partial book depth data
socket.send(JSON.stringify({
'method': 'GET',
'path': '/spot/partialbookdepth?symbol=ETH&limit=100'
}));
// Set up an event listener for incoming messages
socket.onmessage = (event) => {
const partialBookDepthData = JSON.parse(event.data);
console.log(partialBookDepthData);
};
};

const APIKEY = 'YOUR_API_KEY';
const APISECRET = 'YOUR_API_SECRET';
$socket = new WebSocket('wss://stream.binance.com/spot/api/v4/stream/partialbookdepth');
$socket->onmessage = function(event) {
$partialBookDepthData = JSON_decode($event->data, true);
echo "Partial Book Depth Data: " . json_encode($partialBookDepthData) . "\n";
};
$socket->onopen = function() {
// Send a request to the API for partial book depth data
$socket->send(JSON.stringify({
'method': 'GET',
'path': '/spot/partialbookdepth?symbol=ETH&limit=100'
}));
// Set up an event listener for incoming messages
$socket->onmessage = function(event) {
$partialBookDepthData = JSON_decode($event->data, true);
echo "Partial Book Depth Data: " . json_encode($partialBookDepthData) . "\n";
};
};

Using the WebSocket API

To use partial book depth streams with JavaScript, you need to create a WebSocket connection at wss://stream.binance.com/spot/api/v4/stream/partialbookdepth. You can then send requests to this endpoint and listen for incoming messages.

For PHP, you can use the WebSocket library to connect to the Binance API and access partial book depth data.

Important Notes

• Be sure to replace YOUR_API_KEY and YOUR_API_SECRET with your actual Binance API keys.

• Partial book depth streams may have usage restrictions and requirements to create an account or purchase a plan on Binance.

• Please be aware of the risks associated with using the WebSocket API, including potential security vulnerabilities.

I hope this helps! Let me know if you have any questions or need further assistance.

Categorised in: CRYPTOCURRENCY

This post was written by Munna