Lista DAO

Immutable

Perpetual Protocol

LayerZero

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/binance-implements-key-tick-size-updates" data-wpel-link="internal">Binance Implements Key Tick Size Updates</a><br></p>
<p style="text-align: justify">Binance, the largest cryptocurrency exchange in the world, has made significant modifications to the tick sizes for various spot trading pairs. Effective from July 22, these changes aim to improve <a href="https://finance.coin-turk.com/" rel="nofollow noopener" target="_blank" data-wpel-link="exclude">market</a> liquidity and enhance the trading experience for users. Tick size refers to the smallest possible price movement of a trading pair.</p> 
<h2 id="which-trading-pairs-are-impacted">Which Trading Pairs Are Impacted?</h2> 
<p style="text-align: justify">The adjustments affect major altcoins including Arweave (AR), Arkham (ARKM), FLOKI, Fantom (FTM), Immutable (IMX), Chainlink (LINK), Polygon (MATIC), Near Protocol (NEAR), Tron (<a href="https://en.bitcoinhaber.net/tron-faces-uncertain-market-dynamics-as-high-profitability-may-trigger-sell-off" data-wpel-link="internal">TRX</a>), dogwifhat (WIF), Phoenix (PHB), Perpetual Protocol (PERP), Orion (ORN), Lista DAO (LISTA), Cyber (CYBER), Tellor (TRB), and LayerZero (ZRO). This move is part of Binance’s broader strategy to aid in the recovery of the cryptocurrency market and to create a more favorable trading environment.</p> 
<h2 id="how-will-this-adjustment-affect-trading">How Will This Adjustment Affect Trading?</h2> 
<p style="text-align: justify">The specific changes in tick sizes are diverse. For example, pairs like AR/TRY, CYBER/TRY, NEAR/TRY, and ZRO/TRY will now have a tick size of 0.1, while others like LINK/USDT and MATIC/TRY will see a tick size adjustment to 0.01. FLOKI/TRY will go from 0.0000001 to 0.000001, among other specific changes. These adjustments do not impact existing spot orders; however, API users should update their trading strategies to adapt to these changes and avoid potential issues.</p> 
<h2 id="concrete-inferences-for-traders">Concrete Inferences for Traders</h2> 
<p style="text-align: justify">Key actionable insights for traders include:</p> 
<ul> 
 <li>Review and adjust API configurations to align with new tick sizes.</li> 
 <li>Monitor affected trading pairs for potential price movements.</li> 
 <li>Optimize trading strategies to leverage enhanced market liquidity.</li> 
 <li>Stay updated on broader market trends to make informed decisions.</li> 
</ul> 
<p style="text-align: justify">Following <a href="https://newslinker.co" target="_blank" rel="noopener nofollow" data-wpel-link="exclude">the announcement</a>, several affected trading pairs experienced positive price movements. For instance, Immutable (IMX) and LayerZero (ZRO) saw gains of 9% and 6% respectively within 24 hours. FLOKI and WIF also noted increases, with WIF nearing a resistance level at $1.8. Chainlink (LINK) rose by 4% to $13.72. Despite some profit-taking in MATIC and TRX, investor sentiment remains optimistic, particularly with anticipated Federal Reserve rate cuts in September and the end of German government sales.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/binance-implements-key-tick-size-updates" data-wpel-link="internal">Binance Implements Key Tick Size Updates</a></h5>

Binance Implements Key Tick Size Updates

Table of Contents

BH NEWS

Autres articles publiés le 15 juil. 2024

SEC Explains Why Terra Luna Classic; Polygon and 3 Other Cryptos Are Securities

What Are Actively Validated Services (AVS) in Blockchain?

Polkadot Signals Bullish Wave After Falling Wedge Breakout, MKR Eyes $4K

Latest Presales July 2024

DOGE Berjuang Naik: Apa Peran Whale dalam Pergerakan Ini?

Upcoming Presales July 2024

Join our free newsletter for daily crypto updates!