In a move aimed at increasing market liquidity and enhancing users’ trading experience, Binance has announced adjustments to the tick size of several USDⓈ-M Perpetual Futures Contracts. The changes will take effect on June 21, 2024, at 06:30 UTC, according to Binance.
Details of the Adjustment
The tick size, which is the minimum change in the unit price of a contract, will be updated for specific USDⓈ-M Perpetual Futures Contracts. Binance has clarified that the adjustment will not impact the trading operations of USDⓈ-M Futures. Additionally, API users will see changes in tick size, which can be accessed using the GET /fapi/v1/exchangeInfo endpoint. Existing orders placed before the update will still be matched with the original tick size.
Impact on Traders
Binance has advised traders to refer to the Trading Rules for more details and to adjust their trading strategies accordingly. The exchange has assured users that there will be no impact on existing orders due to the tick size update.
Additional Information
Binance has also issued a disclaimer noting the potential risks involved in digital asset trading, emphasizing that futures trading is subject to high market risk and price volatility. The platform advises traders to make independent assessments of the appropriateness of their transactions in light of their own objectives and circumstances.
For more information, visit the official announcement on Binance.
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