At Extreme Investor Network, we strive to provide you with the latest and most valuable insights in the world of cryptocurrency and blockchain. Today, we are excited to share with you the recent announcement from Binance, a prominent cryptocurrency exchange, regarding an upcoming adjustment to the tick size of SOL USDⓈ-M and COIN-M futures contracts.
Binance has revealed that the tick size adjustment is scheduled to take place on October 14, 2024, at 06:30 (UTC). The primary goal of this modification is to enhance market liquidity and improve the overall trading experience for users on the platform.
Key Details of the Adjustment
The tick size, which represents the minimum change in unit price, will be altered for both SOL USDⓈ-M and COIN-M futures contracts. It is important to note that this adjustment will not disrupt the trading operations of USDⓈ-M and COIN-M futures. Additionally, API users will witness changes in tick size through the API endpoints, requiring them to utilize the endpoints GET /fapi/v1/exchangeInfo and /dapi/v1/exchangeInfo for the most up-to-date tick size information.
Impact on Existing Orders
Users can rest assured that the tick size update will not impact existing orders. Orders placed before the adjustment will continue to be processed using the original tick size, ensuring that traders’ strategies and positions remain unaffected.
Guidance for Traders
Traders are encouraged to consult Binance’s Trading Rules to gain a comprehensive understanding of the implications of the tick size adjustment and make any necessary adjustments to their trading strategies. It is crucial to note that discrepancies may exist in translated versions of the announcement, and users are advised to refer to the original English version for the most accurate information.
In line with its commitment to continually improve user experience and trading efficiency, Binance remains dedicated to adapting its platform to meet the evolving needs of its global user base. The upcoming tick size adjustment is just one of many steps Binance is taking to provide a superior trading environment for its users.
Stay tuned to Extreme Investor Network for more updates and insights on the world of cryptocurrency and blockchain. Your go-to source for expert analysis and timely information in the world of digital assets.