Binance Announces Adjustment of Tick Size for Spot Trading Pairs

    Binance Adjusts Tick Size for Spot Trading Pairs

    In a bid to increase market liquidity and improve overall trading experience, leading cryptocurrency exchange Binance has announced adjustments to the tick size (the minimum change in the unit price) of specific spot trading pairs. These changes are scheduled for completion by 05:00 (UTC) and 07:00 (UTC) on 23rd May 2024.

    Details about the tick sizes of all spot trading pairs on Binance can be found in the platform’s Trading Rules.

    Impact of the Adjustment

    Importantly, the adjustment will not affect spot trading and other related functionalities. API users will also see changes in the tick size. To stay updated with the latest tick size, API users can use the GET /api/v3/exchangeInfo endpoint. Further details and updates can be found in the API Changelog.

    The update to the tick size will not impact existing spot orders. After the tick size is updated, orders placed before the update will continue to be matched with the original tick size. Traders are advised to adjust their trading strategies accordingly to prevent any unnecessary impact on their trading.

    Additional Information

    While Binance continues to strive for accuracy, there may be discrepancies in the translated versions of the original English article. For the most accurate and up-to-date information, traders are advised to reference the English version of the announcement.

    Binance remains committed to providing a seamless trading experience for its users and appreciates their support. As with all trading decisions, users are reminded to exercise caution and make informed decisions.

    Image source: Shutterstock

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