Binance to Adjust Tick Sizes for Multiple USDⓈ-M Perpetual Futures Contracts

Binance,
a
leading
cryptocurrency
exchange,
has
announced
an
update
to
the
tick
size
for
several
USDⓈ-M
Perpetual
Futures
Contracts,
effective
September
20,
2024,
at
06:30
UTC.
This
change
aims
to
increase
market
liquidity
and
enhance
the
trading
experience
for
users,
according
to

Binance.

Details
of
the
Adjustment

The
adjustment
of
the
tick
size,
which
is
the
minimum
change
in
the
unit
price,
will
not
impact
the
trading
operations
of
USDⓈ-M
Futures.
The
updated
tick
size
will
also
be
reflected
for
API
users,
who
can
use
the

GET
/fapi/v1/exchangeInfo
endpoint
to
find
the
latest
tick
size
information.
Importantly,
existing
orders
will
not
be
affected
by
the
update;
they
will
continue
to
be
matched
with
the
original
tick
size.

Impact
on
Traders

The
change
in
tick
size
is
designed
to
improve
market
liquidity,
potentially
making
it
easier
for
traders
to
execute
large
orders
with
minimal
price
impact.
Binance
advises
users
to
review
the
updated

Trading
Rules
and
adjust
their
trading
strategies
accordingly
to
avoid
any
unnecessary
impact
on
their
trading
activities.

Additional
Information

Binance
also
notes
that
there
may
be
discrepancies
in
translated
versions
of
the
announcement
and
recommends
referring
to
the
original
English
version
for
the
most
accurate
information.
The
exchange
reserves
the
right
to
amend
or
cancel
this
announcement
at
any
time
and
for
any
reason
without
prior
notice.

Disclaimer

Digital
asset
trading
carries
significant
risk,
and
prices
can
be
highly
volatile.
Users
are
solely
responsible
for
their
investment
decisions.
Binance
emphasizes
the
importance
of
understanding
the
risks
involved
in
futures
trading,
which
can
include
high
market
risk
and
price
volatility.
Users
should
consult
their
financial
advisors
to
assess
the
appropriateness
of
engaging
in
such
transactions.

Image
source:
Shutterstock