Binance Announces Step Size Adjustments for FET, INJ, SOL, and TIA Trading Pairs
Binance Announces Step Size Adjustments for Select Digital Assets
In a bid to enhance trading precision and liquidity for select digital assets, Binance has announced upcoming step size adjustments for cryptocurrencies such as Fetch.ai (FET), Injective (INJ), Solana (SOL), and Celestia (TIA). The step size adjustment, a crucial parameter in trading, determines the smallest intervals at which an order’s quantity can be modified.
The rollout of these adjustments will occur in two phases, with the first phase scheduled to begin on April 29, 2024, at 05:00 UTC. This phase will primarily focus on trading pairs associated with FET and INJ, including pairs like FET/BNB, FET/BTC, and INJ/USDT. Traders can expect enhanced precision in executing orders for these pairs following the step size modifications.
The second phase, set for the same day at 07:00 UTC, will target SOL and TIA trading pairs. Notable pairs such as SOL/BNB, SOL/USDT, and TIA/BTC will undergo step size adjustments, enabling traders to place orders with greater accuracy and potentially augment market depth.
To ensure transparency, Binance has provided a detailed table outlining the specific changes to step sizes for each affected trading pair. For example, the step size for the FET/BNB pair will decrease from 1 to 0.1, while the INJ/BTC pair’s step size will be reduced from 0.1 to 0.01. Similarly, SOL pairs involving currencies like BNB, BTC, and EUR will transition from 0.01 to 0.001.
Despite these updates, Binance has assured traders that ongoing spot trading activities will remain unaffected. Existing spot orders placed before the step size adjustment will continue to be matched based on the original step size, ensuring a seamless trading experience for users.
Overall, these step size adjustments underscore Binance’s commitment to fostering a conducive and enhanced trading environment for its users. By empowering traders with greater control over order executions, these modifications are poised to unlock new avenues for profitability within the FET, INJ, SOL, and TIA markets on Binance’s platform.
