Binance Adjusts Tick Size for Spot Trading Pairs
To increase market liquidity and improve the overall trading experience, leading cryptocurrency exchange Binance has announced adjustments to the tick size (minimum change in unit price) for certain spot trading pairs. These changes are scheduled to be completed by 05:00 UTC and 07:00 UTC on May 23, 2024.
More information about the tick sizes for all spot trading pairs on Binance can be found in the platform’s trading rules.
Impact of Coordination
Importantly, the adjustment does not affect spot trading and other related functions. API users can also see changes in tick size. To keep updated with the latest tick sizes, API users can use: GET /api/v3/exchangeInfo endpoint. More details and updates can be found in the API change log.
Tick size updates will not affect existing spot orders. Even after the tick size is updated, orders placed prior to the update will continue to match the original tick size. Traders are advised to adjust their trading strategies accordingly to avoid unnecessary influences on their trading.
Additional information
Although Binance continually strives for accuracy, there may be inconsistencies in translated versions of the original English articles. For the most accurate and up-to-date information, traders are advised to refer to the English version of the Notice.
Binance is committed to providing users with a smooth trading experience and appreciates your support. As with all trading decisions, users are reminded to exercise caution and make informed decisions.
Image source: Shutterstock
. . .
tag