Binance to Adjust Tick Size for Certain Spot Trading Pairs by July 22, 2024

Binance,
a
leading
cryptocurrency
exchange,
has
announced
upcoming
adjustments
to
the
tick
size
for
several
spot
trading
pairs.
The
changes,
aimed
at
enhancing
market
liquidity
and
improving
the
overall
trading
experience,
are
set
to
take
effect
by
July
22,
2024,
at
05:00
UTC,
according
to

Binance.

Purpose
of
the
Adjustment

The
tick
size,
which
represents
the
minimum
change
in
the
unit
price
of
a
trading
pair,
will
be
adjusted
to
foster
better
liquidity
in
the
market.
Binance’s
initiative
is
expected
to
streamline
trading
activities
and
offer
an
enhanced
experience
for
all
users.

Impact
on
Trading

Binance
has
assured
that
the
adjustment
will
not
affect
spot
trading
or
any
other
related
functions.
API
users
should
note
that
the
tick
size
via
API
will
also
change.
Users
can
retrieve
the
latest
tick
size
using
the

GET
/api/v3/exchangeInfo
endpoint.
The
exchange
has
provided
further
details
and
updates
on
its

API
Changelog.

Existing
Orders
and
Trading
Strategies

It
is
important
to
highlight
that
the
update
will
not
impact
existing
spot
orders.
Orders
placed
before
the
adjustment
will
continue
to
be
matched
based
on
the
original
tick
size.
Traders
are
advised
to
adjust
their
strategies
accordingly
to
avoid
any
unnecessary
impact
on
their
trading
activities.

Additional
Information

Binance
has
noted
that
there
may
be
discrepancies
in
translated
versions
of
this
announcement
and
recommends
referring
to
the
original
English
version
for
the
most
accurate
information.
The
detailed
adjustments
are
summarized
in
a
table
provided
by
Binance,
which
can
be
accessed
through
their
official
announcement
link.

As
always,
Binance
reminds
users
of
the
inherent
risks
associated
with
digital
asset
trading.
Traders
are
encouraged
to
thoroughly
understand
the
risks
involved
and
to
consider
their
investment
experience
and
financial
situation
carefully.

For
more
information,
traders
can
refer
to
Binance’s

Terms
of
Use
and

Risk
Warning.

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source:
Shutterstock