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Alvin Lang Nov 27, 2024 09:05
Binance announces upcoming adjustments to tick sizes for multiple USDⓈ-M Perpetual Futures Contracts effective November 28, 2024, aiming to enhance market liquidity and trading experience.
Cryptocurrency exchange giant Binance is set to adjust the tick sizes for several USDⓈ-M Perpetual Futures Contracts, with changes scheduled to take effect on November 28, 2024. This move is part of Binance’s ongoing efforts to enhance market liquidity and improve the trading experience for its users, according to Binance.
The tick size adjustment, which refers to the minimum change in unit price, will not affect USDⓈ-M Futures trading operations. Additionally, the changes will be reflected in Binance’s API, allowing users to access the updated tick sizes through the GET /fapi/v1/exchangeInfo endpoint. Importantly, existing orders placed before the adjustment will remain matched with the original tick size, ensuring a seamless transition for traders.
Traders are advised to review the Trading Rules to adjust their strategies accordingly. The announcement highlights that discrepancies may exist between the English and translated versions of the content, urging users to refer to the original English version for the most accurate information.
This update comes amidst Binance’s continuous efforts to adapt to the evolving cryptocurrency market landscape. By fine-tuning tick sizes, Binance aims to facilitate more precise pricing and better liquidity, potentially attracting more traders to its platform. The exchange’s decision aligns with its broader strategy to maintain a competitive edge in the global crypto market.
Binance remains committed to supporting its user base by offering advanced trading tools and maintaining robust market infrastructure. As the adjustments take effect, traders are encouraged to stay informed and adapt their trading practices to leverage the new tick size framework effectively.
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