As a seasoned researcher with extensive experience in the cryptocurrency market, I have closely monitored Binance’s latest announcement regarding tick size adjustments for several spot trading pairs. These changes will affect Arweave (AR), Arkham (ARKM), FLOKI, Fantom (FTM), Immutable (IMX), Chainlink (LINK), Polygon (MATIC), Near Protocol (NEAR), Tron (TRX), dogwifhat (WIF), and LayerZero (ZRO).
Binance, the biggest crypto exchange globally, revealed plans to modify the tick sizes for select spot trading pairs starting Monday. The following cryptocurrencies will be affected: Arweave (AR), Arkham (ARKM), FLOKI, Fantom (FTM), Immutable (IMX), Chainlink (LINK), Polygon (MATIC), Near Protocol (NEAR), Tron (TRX), dogwifhat (WIF), and LayerZero (ZRO).
Binance Plans Tick Size Adjustments To FLOKI, MATIC, WIF, ZRO
According to an announcement on July 15, cryptocurrency exchange Binance will implement significant adjustments to the minimal price increment for numerous spot trading pairs by July 22. The term “tick size” refers to the smallest variation in the quote price of a cryptocurrency.
Amidst the larger cryptocurrency market’s resurgence, Binance intends to enhance market fluidity and elevate user trading experiences. For information regarding the tick sizes of all Binance’s spot trading pairs, please consult the Trading Rules.
Details of adjustments based on updated tick size are as follows:
- AR/TRY, CYBER/TRY, NEAR/TRY, ZRO/TRY changed to 0.1
AR/FDUSD, AR/USDC, AR/USDT, FTM/TRY, IMX/TRY, LINK/EUR, LINK/FDUSD, LINK/USDC, LINK/USDT, LISTA/TRY, and MATIC/TRY revised to 0.01
ARKM/USDC, IMX/USDT, ORN/USDT, PHB/USDT, RAY/USDT, WIF/EUR, WIF/FDUSD, WIF/USDC, WIF/USDT changed to 0.001
FLOKI/TRY revised from 0.0000001 to 0.000001, MATIC/BNB from 0.000001 to 0.0000001, PERP/USDT from 0.001 to 0.0001, TRB/BTC to 0.000001, TRX/EUR and TRX/USDT 0.0001
Based on my extensive experience as a seasoned trader, I want to share some insights regarding Binance’s recent announcement about tick size adjustments. While it may not affect current spot orders, I strongly advise traders to pay close attention to this change when using the API.
Price Action Amid Crypto Market Recovery
Today, the cryptocurrencies previously discussed have experienced a surge in value following the crypto market’s rebound. Notably, Immutable (IMX) and LayerZero have shown significant price increases. Specifically, IMX has risen by approximately 9% over the past 24 hours, while LayerZero has climbed around 6%.
The value of FLOKI increased by 3% over the past 24 hours and is now priced at $0.0001533. On the other hand, WIF experienced a rise of 5% in its value, reaching $1.78. However, it’s currently encountering resistance around the $1.8 mark.
The price of LINK rose by 4% to hit $13.72, contrastingly, MATIC and TRX experienced profit-taking following their recent gains last week. Market participants are optimistic that the market upswing will continue as investor confidence rebounds after the conclusion of the German government bond selling and the expected Fed interest rate decreases in September.
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2024-07-15 09:34