Rongchai Wang
Sep 19, 2024 03:24
Binance will update the tick size for various USDⓈ-M Perpetual Futures Contracts on September 20, 2024, to enhance market liquidity and improve trading experiences.
Binance, a leading cryptocurrency exchange, has announced an update to the tick size for several USDⓈ-M Perpetual Futures Contracts, effective September 20, 2024, at 06:30 UTC. This change aims to increase market liquidity and enhance the trading experience for users, according to Binance.
Details of the Adjustment
The adjustment of the tick size, which is the minimum change in the unit price, will not impact the trading operations of USDⓈ-M Futures. The updated tick size will also be reflected for API users, who can use the GET /fapi/v1/exchangeInfo endpoint to find the latest tick size information. Importantly, existing orders will not be affected by the update; they will continue to be matched with the original tick size.
Impact on Traders
The change in tick size is designed to improve market liquidity, potentially making it easier for traders to execute large orders with minimal price impact. Binance advises users to review the updated Trading Rules and adjust their trading strategies accordingly to avoid any unnecessary impact on their trading activities.
Additional Information
Binance also notes that there may be discrepancies in translated versions of the announcement and recommends referring to the original English version for the most accurate information. The exchange reserves the right to amend or cancel this announcement at any time and for any reason without prior notice.
Disclaimer
Digital asset trading carries significant risk, and prices can be highly volatile. Users are solely responsible for their investment decisions. Binance emphasizes the importance of understanding the risks involved in futures trading, which can include high market risk and price volatility. Users should consult their financial advisors to assess the appropriateness of engaging in such transactions.
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