Binance optimizes crypto transactions and adjusts the step size!


Monday, April 22, 2024 ▪
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Eddie S.

Binance, a leading cryptocurrency exchange, has announced a series of technical changes aimed at optimizing trading conditions for users. These adjustments specifically concern the step sizes of various very popular trading pairs, including FET, INJ, SOL, and TIA tokens.

Towards improved order granularity

On April 29th at 8am, Binance launched the first change by reducing the step size for cryptocurrency pairs FET/BNB, FET/BTC, FET/FDUSD, FET/TRY, FET/USDC, and FET/USDT To do. Specifically, these vary from 1 to 0.1, allowing traders to adjust their orders more precisely. Following this, the step size for the INJ/BNB, INJ/BTC, INJ/FDUSD, INJ/TUSD, INJ/USDC, INJ/USDT pairs is also divided by 10, going from 0.1 to 0.01.

Binance implements targeted changes to step sizes for several major cryptocurrency trading pairs, including FET, INJ, SOL, and TIA.Binance implements targeted changes to step sizes for several major cryptocurrency trading pairs, including FET, INJ, SOL, and TIA.
Binance crypto step size

Two hours later at 10am, the order will be SOL/BNB, SOL/BRL, SOL/BTC, SOL/EUR, SOL/FDUSD, SOL/TRY, SOL/TUSD, SOL/USDC, and SOL/. The USDT pair will also undergo a similar adjustment. In this particular case, the step size is reduced by a factor of 10 from 0.01 to 0.001. Finally, the TIA/BTC, TIA/FDUSD, TIA/TRY, TIA/TUSD, TIA/USDC, and TIA/USDT pairs are part of this wave of cryptocurrency improvement by reducing their respective step sizes from 0.1 to 0.01. Exit.

Binance implements targeted changes to step sizes for several major cryptocurrency trading pairs, including FET, INJ, SOL, and TIA.Binance implements targeted changes to step sizes for several major cryptocurrency trading pairs, including FET, INJ, SOL, and TIA.
Binance crypto step size

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Uninterrupted crypto optimization!

Rather than just fine-tuning, This operation This reflects Binance’s commitment to thoroughly optimizing how its crypto platform works. These changes are aimed at reducing market inefficiencies and making it easier to manage complex orders by allowing investors to adjust their positions with finer granularity.

However, despite the scale of the upcoming changes, the platform has sought to reassure users by guaranteeing a smooth transition. Therefore, step size adjustments do not affect the fundamental operation of spot trading or other related crypto functions.

Binance’s announcement is evidence of its renewed commitment to continuous optimization of its trading infrastructure. By meticulously adjusting the step size of strategic trading pairs, crypto exchanges are demonstrating their ability to respond nimbly to the ever-increasing demands of savvy traders.

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Eddie S.

Adapt to society and live a safe life to survive in universities around the world. Community managers manage the underlying cryptocurrencies and work on blockchain and its development. Passionately consider experience and fair management in the domain, article information and how to terminate the contract.

Disclaimer

The views, ideas and opinions expressed in this article are solely those of the author and should not be construed as investment advice. Please do your own research before making any investment decisions.

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