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Binance optimizes crypto transactions and adjusts step sizes!

Mon 22 Apr 2024 ▪ 3 min of reading ▪ by Eddy S.
Getting informed Regulation Crypto

Binance, the leading crypto exchange, has just announced a series of technical modifications aimed at optimizing trading conditions for its users. These adjustments specifically concern the step sizes for various highly sought-after trading pairs, namely those involving FET, INJ, SOL, and TIA tokens.

Crypto Binance taille de pas

Towards Greater Granularity of Orders

On April 29, at 8 AM, Binance will initiate the first changes by reducing the step sizes for the crypto pairs FET/BNB, FET/BTC, FET/FDUSD, FET/TRY, FET/USDC, and FET/USDT. Specifically, these will go from 1 to 0.1, enabling traders to adjust their orders with greater precision. Following this, the INJ/BNB, INJ/BTC, INJ/FDUSD, INJ/TUSD, INJ/USDC, and INJ/USDT pairs will also see their step size divided by 10, going from 0.1 to 0.01.

Binance implements targeted changes to the step sizes for several major crypto trading pairs such as FET, INJ, SOL, and TIA!
Binance crypto step size

Two hours later, at 10 AM, it will be the turn of the SOL/BNB, SOL/BRL, SOL/BTC, SOL/EUR, SOL/FDUSD, SOL/TRY, SOL/TUSD, SOL/USDC, and SOL/USDT pairs to undergo a similar adjustment. In this specific case, the step size will be reduced by a factor of 10, from 0.01 to 0.001. Lastly, the TIA/BTC, TIA/FDUSD, TIA/TRY, TIA/TUSD, TIA/USDC, and TIA/USDT pairs will conclude this wave of crypto improvements with a decrease in their respective step sizes, from 0.1 to 0.01.

Binance implements targeted changes to the step sizes for several major crypto trading pairs such as FET, INJ, SOL, and TIA!
Binance crypto step size
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Crypto Optimization Without Disruption!

Far from being a mere tweak, this operation reflects Binance’s commitment to deeply optimizing the workings of its crypto platform. By allowing investors to adjust their positions with finer granularity, these changes aim to reduce market inefficiencies and facilitate the management of complex orders.

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

The announcement from Binance is evidence of a renewed commitment to the constant optimization of its trading infrastructure. By meticulously adjusting the step sizes for strategic trading pairs, the crypto exchange demonstrates its ability to respond with agility to the increasingly high demands of savvy traders.

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Eddy S. avatar
Eddy S.

Le monde évolue et l'adaptation est la meilleure arme pour survivre dans cet univers ondoyant. Community manager crypto à la base, je m'intéresse à tout ce qui touche de près ou de loin à la blockchain et ses dérivés. Dans l'optique de partager mon expérience et de faire connaître un domaine qui me passionne, rien de mieux que de rédiger des articles informatifs et décontractés à la fois.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.