In an effort to enhance market liquidity and improve the overall trading experience, Binance will implement adjustments to the tick size of certain spot trading pairs by June 27, 2024, at 05:00 (UTC), according to Binance.
Details of the Adjustments
The tick size, which refers to the minimum change in the unit price of a trading pair, will be updated to facilitate better trading conditions. These adjustments are part of Binance’s ongoing efforts to optimize its trading platform for users.
Notably, the changes will not affect spot trading and other related functions. Additionally, tick sizes via API will also be updated. API users are advised to use the endpoint GET /api/v3/exchangeInfo to obtain the latest tick size information.
Impact on Existing Orders
The update will not impact existing spot orders. Orders placed before the update will continue to be matched using the original tick size. Traders are encouraged to adjust their trading strategies to accommodate the new tick sizes and avoid any potential disruptions.
Guidance for Traders
Binance has provided guidance for traders to adjust their strategies accordingly. The exchange has also highlighted that there may be discrepancies in translated versions of the announcement and recommends referring to the original English version for the most accurate information.
For detailed information about the new tick sizes, users can refer to Binance’s Trading Rules. Additionally, updates and further details can be found in the API Changelog on Binance’s GitHub repository.
Binance has assured its users that these adjustments are aimed at improving the trading environment and apologizes for any inconvenience caused. Traders are advised to stay informed about these updates to ensure smooth trading operations.
Binance reserves the right to amend or cancel this announcement at any time and for any reason without prior notice. The exchange also issued a disclaimer about the inherent risks of digital asset trading, urging users to make informed investment decisions.
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