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Binance Releases Update on Step Size Adjustment on Spot Trading Pairs
In a bid to enhance trading liquidity and user experience, Binance has announced upcoming modifications to its trading increments, known as step size, for several digital assets. This move aims to streamline trading operations and facilitate more efficient price discovery across various cryptocurrency markets.
Targeted Crypto Assets and Step Size Modification
The step size adjustment will impact a diverse range of cryptocurrencies, including Fetch.ai (FET), Injective (INJ), Solana (SOL), and Celestia (TIA). Step size, a crucial trading parameter, defines the smallest intervals at which an order’s quantity can be adjusted. By making adjustments to these increments, Binance aims to create a smoother and more liquid trading environment for these digital assets.
According to the announcement, the step size updates will be implemented in two phases. The first phase, scheduled for April 29, 2024,
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