Blockchain
Binance Announces Tick Size Change for Spot Trading Pairs
Binance changes tick size for spot trading pairs
In an effort to increase market liquidity and improve the overall trading experience, leading cryptocurrency exchange Binance has announced adjustments to the tick size (the minimum unit price change) of specific spot trading pairs. These changes are expected to be completed between 05:00 (UTC) and 07:00 (UTC) on May 23, 2024.
Tick size details of all spot trading pairs on Binance can be found in the platform Negotiation rules.
Impact of adaptation
Importantly, the adjustment will not affect spot trading and other related features. API users will also see changes in the size of the checkmark. To stay up to date with the latest tick size, API users can use the GET /api/v3/exchangeInfo endpoint. Further details and updates can be found at API change log.
Updating the tick size will have no impact on existing spot orders. After the tick size is updated, orders placed before the update will continue to match the original tick size. Traders are advised to adapt their trading strategies accordingly to avoid any unnecessary impact on their trading.
Additional Information
While Binance continues to strive for accuracy, there may be discrepancies in translated versions of the original English article. For more accurate and up-to-date information, operators are advised to refer to the English version of the announcement.
Binance remains committed to providing a smooth trading experience to its users and appreciates their support. As with all trading decisions, users are reminded to exercise caution and make informed decisions.
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