Binance Adjusts Tick Size for Spot Trading Pairs
Binance, the largest cryptocurrency exchange in the world, has announced that it will be making adjustments to the tick size of various spot trading pairs by October 10, 2023. The tick size refers to the minimum change in the unit price. This update will not impact existing spot orders or other relevant functions on the platform.
There will be adjustments made to a total of 25 trading pairs, including APE/BNB, APE/ETH, APR/TRY, CAKE/BNB, CAKE/BTC, COTI/BUSD, COTI/USDT, WAVES/BTC, WAVES/TRY, and more. You can find the complete list of affected trading pairs here.
“Please adjust your trading strategies accordingly to avoid unnecessary impact on your trading. We apologize for any inconvenience,” advised Binance.
Delisting of Trading Pairs Involving BUSD
In addition to the tick size adjustments, Binance also announced that it will be delisting 19 trading pairs on October 6. These include 1INCH/BUSD, AERGO/BUSD, ANKR/BUSD, DATA/BUSD, DIA/BUSD, ERN/BUSD, IOST/BUSD, KP3R/BUSD, LOKA/BUSD, LRC/BUSD, LTO/BUSD, MDX/BUSD, OM/BUSD, POLYX/BUSD, RARE/BUSD, SLP/BUSD, SUSHI/BUSD, THETA/BUSD, and YFI/BUSD.
Binance did not provide a specific reason for the delisting but stated that it regularly reviews all listed spot trading pairs and may delist certain pairs due to factors such as poor liquidity and trading volume. It is important to note that all of the delisted trading pairs involve BUSD. Binance had previously announced its plan to discontinue support for BUSD at the beginning of next year.
Hot Take: Binance Makes Changes to Tick Size and Delists Trading Pairs Involving BUSD
Binance, the world’s largest cryptocurrency exchange, has made two significant announcements. Firstly, it will be adjusting the tick size for 25 spot trading pairs by October 10, 2023. This change will not affect existing orders. Secondly, Binance will be delisting 19 trading pairs involving BUSD on October 6. The exchange conducts periodic reviews and may delist trading pairs based on factors like poor liquidity and trading volume. These moves align with Binance’s earlier decision to discontinue support for BUSD next year. Traders are advised to adjust their strategies accordingly and stay updated with Binance’s announcements.
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