Zach Anderson
Oct 01, 2024 06:02
Binance will alter the tick measurement of SOL USDⓈ-M and COIN-M Futures Contracts on October 14, 2024, to boost 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 measurement of SOL USDⓈ-M and COIN-M futures contracts. This transformation, geared toward growing 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 measurement, 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 won’t affect the buying and selling operations of USDⓈ-M and COIN-M futures. Moreover, API customers can even see modifications in tick measurement by way of 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 measurement info.
Affect on Present Orders
Binance has assured customers that the tick measurement replace won’t have an effect on present orders. Orders positioned earlier than the replace will nonetheless be matched utilizing the unique tick measurement. This measure ensures that merchants’ present methods and positions stay unaffected by the upcoming modifications.
Steerage for Merchants
Merchants are suggested to seek advice from Binance’s Buying and selling Guidelines to know the detailed implications of the tick measurement 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 seek advice from the unique English model for probably the most correct info.
Binance continues to adapt its platform to satisfy the evolving wants of its customers, aiming to boost liquidity and buying and selling effectivity. This newest replace is a part of Binance’s ongoing efforts to offer a superior buying and selling expertise for its international person base.
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