Binance Announces Tick Size Update for SOL and COIN-M Futures Contracts

Binance, one of many world’s main cryptocurrency exchanges, has introduced an upcoming adjustment to the tick dimension of SOL USDⓈ-M and COIN-M futures contracts. This modification, aimed toward rising market liquidity and bettering the person buying and selling expertise, will take impact on October 14, 2024, at 06:30 (UTC), in keeping with Binance.

Key Particulars of the Adjustment

The tick dimension, which is the minimal change within the unit worth, can be modified for each SOL USDⓈ-M and COIN-M futures contracts. Binance has clarified that this adjustment is not going to impression the buying and selling operations of USDⓈ-M and COIN-M futures. Moreover, API customers may also see modifications in tick dimension through the API endpoints. API customers are suggested to make use of the endpoints GET /fapi/v1/exchangeInfo and /dapi/v1/exchangeInfo to acquire the newest tick dimension data.

Influence on Present Orders

Binance has assured customers that the tick dimension replace is not going to have an effect on current orders. Orders positioned earlier than the replace will nonetheless be matched utilizing the unique tick dimension. This measure ensures that merchants’ current methods and positions stay unaffected by the upcoming modifications.

Steering for Merchants

Merchants are suggested to confer with Binance’s Buying and selling Guidelines to know the detailed implications of the tick dimension adjustment and to regulate their buying and selling methods accordingly. Binance emphasizes that there could also be discrepancies in translated variations of the announcement, and customers ought to confer with the unique English model for essentially the most correct data.

Binance continues to adapt its platform to fulfill the evolving wants of its customers, aiming to reinforce liquidity and buying and selling effectivity. This newest replace is a part of Binance’s ongoing efforts to supply a superior buying and selling expertise for its international person base.

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