Wang Long Chai
September 19, 2024 03:24
Binance will update the tick size for various USDⓈ-M perpetual futures contracts on September 20, 2024 to enhance market liquidity and improve trading experience.
Leading cryptocurrency exchange Binance has announced a tick size update for several USDⓈ-M perpetual futures contracts, effective September 20, 2024 at 06:30 UTC. According to Binance, the change aims to increase market liquidity and improve users’ trading experience.
Adjustment details
The adjustment of the tick size, which is the minimum change in the unit price, does not affect the USDⓈ-M futures trading operation. The updated tick size is also reflected to API users, who can use: Get /fapi/v1/exchangeInfo This is the endpoint for finding the latest tick size information. The important thing to note is that existing orders are not affected by the update. They will continue to match the original tick size.
Impact on Traders
The change in tick size is designed to improve market liquidity, 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 unnecessary impact on trading activity.
Additional information
Binance also recognizes that there may be differences in the translated versions of the announcement and recommends that you refer to the original English version for the most accurate information. The exchange reserves the right to modify or cancel this announcement at any time for any reason without prior notice.
disclaimer
Trading digital assets carries significant risk and prices may be highly volatile. Users are solely responsible for their investment decisions. Binance emphasizes the importance of understanding the risks associated with futures trading, which may include high market risk and price volatility. Users should consult with their financial advisors to assess whether it is appropriate for them to engage in such trading.
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