On Nov 4, 2024, Binance will adjust tick sizes for various USDā-M Perpetual Futures Contracts to improve liquidity and enhance the trading experience.
On November 4, 2024, Binance will adjust the tick size for multiple USDā-M Perpetual Futures Contracts, a step taken to enhance liquidity and improve the overall trading experience. This change will alter the smallest price increments for various trading pairs, including NEIROETHUSDT, EIGENUSDT, SANDUSDT, and others, making trading more seamless for Binanceās global user base.
Details of the Tick Size Adjustment
Tick size represents the smallest change in unit price on a trading pair, which is crucial for order matching and liquidity. Binance has chosen to modify the tick size on selected contracts to enable tighter spreads, providing users with better price accuracy and trading precision. Hereās a breakdown of some of the new adjustments:
NEIROETHUSDT: From 0.0001 to 0.00001
EIGENUSDT: From 0.001 to 0.0001
SANDUSDT: From 0.0001 to 0.00001
POLUSDT: From 0.0001 to 0.00001
These adjustments will take effect at 06:30 (UTC) on November 4, 2024, and API users should take note that tick size data will also update via the GET /fapi/v1/exchangeInfo endpoint.
Impact on Traders and API Users
Binance has assured users that this tick size update will not affect any open orders placed before the changes, as they will continue to match using the original tick size. However, new orders after the update will reflect the revised tick sizes. API users should reference the API changelog for more details and verify that their integrations are up-to-date to avoid discrepancies.
Strategic Advice for Traders
To ensure smooth trading, Binance encourages users to review the Trading Rules and consider any necessary adjustments to their trading strategies based on the updated tick sizes.
#NEAR #ETH #EIGEN #binancenews $BTC