Binance Adjusts Tick Size for Multiple USDⓈ-M Perpetual Futures Contracts

In
a
move
aimed
at
increasing
market
liquidity
and
enhancing
users’
trading
experience,
Binance
has
announced
adjustments
to
the
tick
size
of
several
USDⓈ-M
Perpetual
Futures
Contracts.
The
changes
will
take
effect
on
June
21,
2024,
at
06:30
UTC,
according
to
Binance.

Details
of
the
Adjustment

The
tick
size,
which
is
the
minimum
change
in
the
unit
price
of
a
contract,
will
be
updated
for
specific
USDⓈ-M
Perpetual
Futures
Contracts.
Binance
has
clarified
that
the
adjustment
will
not
impact
the
trading
operations
of
USDⓈ-M
Futures.
Additionally,
API
users
will
see
changes
in
tick
size,
which
can
be
accessed
using
the

GET
/fapi/v1/exchangeInfo
endpoint.
Existing
orders
placed
before
the
update
will
still
be
matched
with
the
original
tick
size.

Impact
on
Traders

Binance
has
advised
traders
to
refer
to
the

Trading
Rules
for
more
details
and
to
adjust
their
trading
strategies
accordingly.
The
exchange
has
assured
users
that
there
will
be
no
impact
on
existing
orders
due
to
the
tick
size
update.

Additional
Information

Binance
has
also
issued
a
disclaimer
noting
the
potential
risks
involved
in
digital
asset
trading,
emphasizing
that
futures
trading
is
subject
to
high
market
risk
and
price
volatility.
The
platform
advises
traders
to
make
independent
assessments
of
the
appropriateness
of
their
transactions
in
light
of
their
own
objectives
and
circumstances.

For
more
information,
visit
the
official
announcement
on

Binance.

Image
source:
Shutterstock