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Immutable

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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/binance-adjusts-tick-sizes-for-various-trading-pairs/" data-wpel-link="internal">Binance Adjusts Tick Sizes for Various Trading Pairs</a><br></p>
<p style="text-align: justify">The world’s largest cryptocurrency exchange <strong>Binance</strong> announced significant adjustments in tick sizes for various spot trading pairs. These changes, effective from July 22, aim to increase market liquidity and improve the trading experience for its users. For those unfamiliar, tick size refers to the minimum price movement of a trading pair.</p> 
<h2 style="text-align: justify" id="strong-affected-trading-pairs-strong"><strong>Affected Trading Pairs</strong></h2> 
<p style="text-align: justify">The main spot trading pairs affected by Binance’s adjustments include popular altcoins such as Arweave (AR), Arkham (ARKM), FLOKI, Fantom (FTM), Immutable (IMX), Chainlink (LINK), Polygon (MATIC), Near Protocol (NEAR), Tron (TRX), dogwifhat (WIF), Phoenix (PHB), Perpetual Protocol (PERP), Orion (ORN), Lista DAO (LISTA), Cyber (CYBER), Tellor (TRB), and LayerZero (ZRO). These changes are part of Binance’s strategy to support the recovering <a href="https://en.coin-turk.com/bitcoin-price-surges-despite-economic-uncertainty/" data-wpel-link="internal">cryptocurrency market</a> and provide a better trading environment.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-370597" src="https://coin-turk.com/wp-content/uploads/2024/07/Binance-Altcoin-Tick.png" alt="" width="2708" height="1872"></p> 
<p style="text-align: justify">The specific changes in tick sizes are as follows:</p> 
<ul style="text-align: justify"> 
 <li>AR/TRY, CYBER/TRY, NEAR/TRY, ZRO/TRY will switch to a 0.1 tick size.</li> 
 <li>AR/FDUSD, AR/USDC, AR/USDT, FTM/TRY, IMX/TRY, LINK/EUR, LINK/FDUSD, LINK/USDC, LINK/USDT, LISTA/TRY, and MATIC/TRY will be revised to a 0.01 tick size.</li> 
 <li>ARKM/USDC, IMX/USDT, ORN/USDT, PHB/USDT, RAY/USDT, WIF/EUR, WIF/FDUSD, WIF/USDC, WIF/USDT will switch to a 0.001 tick size.</li> 
 <li>FLOKI/TRY will be 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, and TRX/EUR and TRX/USDT to 0.0001.</li> 
</ul> 
<h2 style="text-align: justify" id="strong-impact-of-tick-size-adjustment-on-trading-strong"><strong>Impact of Tick Size Adjustment on Trading</strong></h2> 
<p style="text-align: justify">These adjustments will not affect existing spot orders, but <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> using APIs need to be aware of the changes. Binance advised users to adjust their trading strategies accordingly to avoid any negative impact.</p> 
<p style="text-align: justify">Following <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">the announcement</a> and amid a broader market recovery, many of the affected trading pairs saw positive price movements. Immutable (IMX) and LayerZero (ZRO) recorded significant gains, rising by 9% and 6% respectively in the last 24 hours. FLOKI also saw a 3% increase, trading at $0.0001533, while WIF jumped 5% to $1.78, facing resistance at $1.8.</p> 
<p style="text-align: justify">LINK’s price rose by 4% to $13.72, while MATIC and TRX saw some profit-taking after the previous week’s rise. Overall, investors remain optimistic about the market recovery, especially with the end of German government sales and anticipated Federal Reserve rate cuts in September.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/binance-adjusts-tick-sizes-for-various-trading-pairs/" data-wpel-link="internal">Binance Adjusts Tick Sizes for Various Trading Pairs</a></h5>

Binance Adjusts Tick Sizes for Various Trading Pairs

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