Binance to Update Tick Sizes for USDⓈ-M Futures Contracts

Binance, one of the top cryptocurrency trading platforms, has revealed an adjustment to the tick size for various USDⓈ-M Perpetual Futures Contracts, effective September 20, 2024, at 06:30 UTC. This modification is aimed at boosting market liquidity and enhancing user trading experiences, as stated by Binance.

Adjustment Details

The tick size, defined as the smallest price movement allowed, will see adjustments without affecting the trading operations of USDⓈ-M Futures. The new tick sizes will be available for API users as well, who can check the latest information using the GET /fapi/v1/exchangeInfo endpoint. Existing orders will remain unaffected, continuing to be matched with the original tick size.

Trader Impact

The revised tick size is intended to enhance market liquidity, which may facilitate the execution of larger orders with minimal price disruption. Binance encourages users to review the updated Trading Rules and adjust their trading strategies to mitigate any unforeseen impacts on their activities.

Further Information

Binance advises that there may be inconsistencies in translated versions of this announcement and recommends consulting the original English version for the most precise details. The exchange maintains the right to modify or withdraw this announcement at any time without prior notice.

Disclaimer

Trading digital assets involves substantial risk, with prices that may fluctuate widely. Users are fully responsible for their investment decisions. Binance stresses the necessity of comprehending the risks associated with futures trading, which may entail significant market risk and price volatility. Users are encouraged to seek advice from financial analysts regarding the suitability of engaging in such trading.

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