jack anderson
October 1, 2024 06:02
Binance will adjust the tick size of SOL USDⓈ-M and COIN-M futures contracts on October 14, 2024 to improve market liquidity and user trading experience.
Binance, one of the world’s leading cryptocurrency exchanges, has announced upcoming adjustments to the tick size of its SOL USDⓈ-M and COIN-M futures contracts. According to Binance, these changes, aimed at increasing market liquidity and improving user trading experience, will take effect from 06:30 (UTC) on October 14, 2024.
Highlights of the adjustment
The tick size, which is the minimum change in unit price, is modified for both SOL USDⓈ-M and COIN-M futures contracts. Binance clarified that this adjustment will not affect USDⓈ-M and COIN-M futures trading operations. API users can also see changes in tick size through the API endpoint. API users are encouraged to use endpoints GET /fapi/v1/exchangeInfo and /dapi/v1/exchangeInfo To get the latest tick size information.
Impact on existing orders
Binance assured users that the tick size update will not affect existing orders. Orders placed prior to the update will still be matched using the original tick size. This action ensures that traders’ existing strategies and positions will not be affected by the upcoming changes.
Guidelines for Traders
Traders are advised to refer to Binance’s trading rules to understand the detailed implications of tick sizing and adjust their trading strategies accordingly. Binance emphasizes that there may be inconsistencies in translated versions of the announcement, and users should refer to the original English version for the most accurate information.
Binance is continuously adapting its platform to meet the evolving needs of its users, with the goal of improving liquidity and trading efficiency. This latest update is part of Binance’s ongoing efforts to provide a superior trading experience to its global user base.
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