Binance to Adjust Tick Size for 1000WHYUSDT and 1000CHEEMSUSDT Futures

Binance, a leading cryptocurrency exchange, has announced a forthcoming adjustment to the tick size for its 1000WHYUSDT and 1000CHEEMSUSDT USDⓈ-M Perpetual Futures Contracts. This change is set to take effect on November 29, 2024, at 06:00 (UTC), and aims to enhance market liquidity and improve the trading experience for users, according to Binance.

Impact on Trading Operations

The adjustment in tick size, which refers to the minimum change in the unit price, will not affect the overall USDⓈ-M Futures trading operations. Importantly, API users are advised that the tick size via API will also undergo changes. To stay updated, users can employ the GET /fapi/v1/exchangeInfo endpoint to access the latest tick size of the USDⓈ-M Perpetual Futures Contracts.

Existing Orders Unaffected

Binance has assured traders that the tick size update will not impact existing orders. Orders placed before the update will continue to be matched with the original tick size, ensuring a seamless transition for active traders.

Additional Guidance for Traders

Traders are encouraged to review the updated trading rules and adjust their strategies accordingly to avoid any potential disruptions. Binance emphasizes that there may be discrepancies between the original English announcement and translated versions; thus, the English version should be referred to for the most accurate information.

Binance continues to refine its platform to support its users' trading activities effectively. The adjustments in tick size are part of ongoing efforts to optimize trading conditions and cater to the needs of its global user base.