Tony Kim
24 July 2024 13:27
Binance has announced tick size adjustments for several USDⓈ-M perpetual futures contracts to improve market liquidity and user experience.
Binance, one of the major cryptocurrency exchanges, has announced a tick size adjustment for several USDⓈ-M perpetual futures contracts. According to Binance, these changes will take effect on July 25, 2024 at 06:30 (UTC).
Purpose of adjustment
The main purpose of this adjustment is to increase market liquidity and improve the overall trading experience for users. Binance has clarified that the change in tick size, which represents the minimum change in unit price, will not affect USDⓈ-M futures trading operations.
Adjustment details
This adjustment will also affect tick sizes via the API. Binance recommends API users to use the ‘GET /fapi/v1/exchangeInfo’ endpoint to find the latest tick size for the USDⓈ-M perpetual futures contract. It is important to note that this update will not affect existing orders. Orders placed prior to the update will still be matched using the original tick size.
Guidelines for Traders
Traders are advised to refer to Binance’s trading rules and adjust their trading strategies accordingly. This will help to avoid unnecessary impact on trading activities. Binance is also aware that there may be potential inconsistencies in the translated version of the announcement and recommends that traders refer to the original English version for the most accurate information.
Additional context
This move by Binance follows a series of adjustments and improvements to optimize trading conditions on the platform. In recent months, the exchange has also introduced new features and tools to help traders manage risk and improve their trading strategies.
For those who trade on the go, Binance offers a mobile app for both iOS and Android devices, allowing users to stay up to date with real-time market changes and execute trades efficiently.
Binance reserves the right to amend or cancel this notice at any time without prior notice. The exchange also emphasizes the inherent risks involved in digital asset trading and advises users to make their own independent assessments and consult with advisors as needed.
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