Enhancing Liquidity: Binance Adjusts Tick Size for Spot Trading Pairs
If you’re an active trader on Binance, you’ll notice changes coming your way that aim to enhance market liquidity and improve your trading experience. By June 27, 2024, at 05:00 (UTC), the tick size of certain spot trading pairs will be adjusted by Binance. Here’s what you need to know about these adjustments:
Details of the Adjustments
- The tick size, which represents the minimum change in the unit price of a trading pair, will be updated.
- These changes are designed to create better trading conditions for users on the platform.
Impact on API Users
- API users should use the endpoint GET /api/v3/exchangeInfo to access the latest tick size information.
Impact on Existing Orders
- Existing spot orders will remain unaffected by the update.
- Orders placed prior to the adjustment will still be matched using the original tick size.
Guidance for Traders
- Traders are encouraged to adjust their strategies to adapt to the new tick sizes.
- It’s important to stay informed about these updates to ensure seamless trading operations.
Language Discrepancies
- Translations of the announcement may vary, so it’s recommended to refer to the original English version for accuracy.
Further Information
- For detailed information on the new tick sizes, check out Binance’s Trading Rules.
- Updates and additional details can be found in the API Changelog on Binance’s GitHub repository.
Disclaimer and Notification
- Binance reserves the right to modify or cancel this announcement without prior notice.
- The exchange emphasizes the risks associated with digital asset trading and encourages users to make informed decisions.
Hot Take: Stay Informed and Trade Safely with Binance
As a trader, these adjustments are aimed at improving market conditions and your trading experience on Binance. Remember to adapt your strategies to the new tick sizes and keep yourself updated on any further changes made by the exchange. By staying informed, you can navigate the trading landscape with confidence and make informed investment decisions.
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