Major cryptocurrency exchange Binance announced on April 29 that it will make changes to the step sizes for specific trading pairs of Fetch.ai (FET), Injective (INJ), Solana (SOL), and Celestia (TIA) in spot trading. These changes are intended to increase market liquidity and optimize the trading experience for users.
Revised Step Sizes for FET, INJ, SOL, and TIA in Spot Trading
Binance will change the step sizes for FET, INJ, SOL, and TIA in specific spot trading pairs. Accordingly, on April 29 at 08:00 local time, the step size for FET/BNB will be revised from 1 to 0.1. The step sizes for FET/BTC, FET/FDUSD, FET/TRY, FET/USDC, and FET/USDT trading pairs will also be revised from 1 to 0.1. At the same time, the step size for INJ/BNB, INJ/BTC, INJ/FDUSD, INJ/TUSD, INJ/USDC, and INJ/USDT will be revised from 0.1 to 0.01.
On April 29 at 10:00 local time, the step size for SOL/BNB, SOL/BRL, SOL/BTC, SOL/EUR, SOL/FDUSD, SOL/TRY, SOL/TUSD, SOL/USDC, and SOL/USDT trading pairs will be revised from 0.01 to 0.001, while the step size for TIA/BTC, TIA/FDUSD, TIA/TRY, TIA/TUSD, TIA/USDC, and TIA/USDT trading pairs will be revised from 0.1 to 0.01.
The changes in step sizes will not impact the fundamental operations of spot trading or other related functions at Binance. Additionally, existing spot orders will not be affected by the update, and orders placed before the adjustment of step size will continue to be matched according to the original step size. This approach ensures continuity in trading activity while minimizing disruptions for users during the transition period.
What is a Step Size?
Step size is a critical factor in trading dynamics, representing the minimum range by which the quantity of an order can change. These adjustments are part of Binance’s ongoing efforts to improve its trading infrastructure and provide seamless functionality for traders.
