Binance is making adjustments to the tick size of various spot trading pairs, ensuring increased trading liquidity and improved customer experience. These changes will come into effect on May 18th 2021. Adjustments will primarily affect FARMUSDT, FARMBUSD, EOSBTC, EOSBNB, EOSETH, NEOBNB, NEOBTC, NEOETH, DIAUSDT, DIABUSD, ZENBTC, ZENETH, PYRUSDT, PYRBUSD, BSWTRY, AMPUSDT, AMPBUSD, BICOUSDT, BICOBUSD and ETHBTC pairs. Changes include reducing tick size from 0.1 to 0.01 for FARMUSDT and FARMBUSD, from 0.00001 to 0.000001 for EOSBNB, EOSETH and NEOBNB, from 0.0000001 to 0.00000001 for EOSBTC and NEOBTC, from 0.00001 to 0.000001 for NEOETH, from 0.001 to 0.0001 for DIAUSDT and DIABUSD, from 0.000001 to 0.0000001 for ZENBTC and ZENETH, from 0.01 to 0.001 for PYRUSDT, PYRBUSD, BSWTRY, AMPUSDT and AMPBUSD and from 0.001 to 0.0001 for BICOUSDT and BICOBUSD. ETHBTC pair’s tick size will move from 0.000001 to 0.00001.

With the update, tick size via API will also be changed. Those using the API should be sure to update the settings to reflect the change. Existing spot orders, which were posted prior to the bit size change, will not be affected by the development. May users are urged to consider their trading strategy and adjust accordingly in order to minimize possible negative impact to their trading.

For more information about the tick size change, users should refer to the Binance Exchange Trading Rules and API Changelog. It's also worth noting that, in the event that translation of the announcement presents any discrepancies, the English version will take precedence.

The Binance Team released an official announcement of the tick size update on the 11th of May 2021, making information available on Telegram, Twitter, Facebook, and Instagram channels. Those looking to try spot trading on the go should also check out Binance’s crypto trading app (available on Android and iOS).

Always keep in mind that digital asset prices may be subject to high market risk and volatility. This means that the value of your investments can go up or down, and that you may not necessarily get the amount you originally invested. You are solely responsible for the decisions you make regarding your investments, and Binance does not bear any losses incurred as a result of these. It is essential to consider your own term of experience, financial situation, objectives and risk tolerance before investing, and consult a professional financial adviser if you are unsure. Binance reserves the right to modify or cancel this announcement at any time for any reasons without advance notice.



Other News from Today