Zach Anderson
Oct 01, 2024 06:02
Binance will alter the tick dimension of SOL USDⓈ-M and COIN-M Futures Contracts on October 14, 2024, to reinforce market liquidity and person buying and selling expertise.
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 transformation, 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 line with Binance.
Key Particulars of the Adjustment
The tick dimension, which is the minimal change within the unit value, can be modified for each SOL USDⓈ-M and COIN-M futures contracts. Binance has clarified that this adjustment won’t impression the buying and selling operations of USDⓈ-M and COIN-M futures. Moreover, API customers may even see adjustments 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 most recent tick dimension info.
Influence on Present Orders
Binance has assured customers that the tick dimension replace won’t have an effect on present orders. Orders positioned earlier than the replace will nonetheless be matched utilizing the unique tick dimension. This measure ensures that merchants’ present methods and positions stay unaffected by the upcoming adjustments.
Steerage for Merchants
Merchants are suggested to discuss with Binance’s Buying and selling Guidelines to grasp 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 discuss with the unique English model for essentially the most correct info.
Binance continues to adapt its platform to satisfy 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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