According to Binance, to enhance market liquidity and improve the overall trading experience, Binance will implement tick size adjustments for certain spot trading pairs until 05:00 on June 27, 2024 (UTC).
Adjustment Details
The tick size, which represents the minimum change in the unit price of a trading pair, is updated to promote better trading conditions. These adjustments are part of Binance’s ongoing efforts to optimize its trading platform for its users.
Notably, this change does not affect spot trading and other related features. Additionally, the tick size via API is also updated. We recommend that API consumers use endpoints. GET /api/v3/exchangeInfo To get the latest tick size information.
Impact on existing orders
The update will not affect existing spot orders. Orders placed prior to the update will continue to be matched using the original tick size. Traders are advised to adjust their trading strategies to accommodate the new tick sizes and avoid potential disruptions.
Guidelines for Traders
Binance has provided guidance to help traders adjust their strategies accordingly. The exchange also highlighted that there may be inconsistencies in translated versions of the announcement and recommended that you refer to the original English version for the most accurate information.
For more information about the new tick sizes, please refer to Binance’s Trading Rules. You can also check the API change log on the Binance GitHub repository for updates and more details.
Binance assured users that these adjustments are aimed at improving the trading experience and apologizes for any inconvenience. Traders are advised to keep themselves informed of these updates to ensure smooth trading operations.
Binance reserves the right to modify or cancel this announcement at any time and for any reason without prior notice. The exchange also issued a disclaimer on the risks inherent in trading digital assets, urging users to make informed investment decisions.
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