BINANCE CHANGED THE TICK SIZE FOR SEVERAL FUTURES. IT SEEMS LIKE A TRIFLE UNTIL YOU WORK WITH ORDERS.

Among the contracts in the update, for example, are SKDDUSDT and CSOPSKHYNIX2LUSDT.

For them, the tick size changed:

from 0.01 to 0.001.

What does that mean in simple terms?

Previously, the allowed prices looked something like this:

100.00
100.01
100.02

After reducing the tick size, you can set prices more precisely:

100.000
100.001
100.002

That is, tick size isn’t the minimum position size.

It’s the minimum step by which the ORDER PRICE can change.

Why reduce it?

A smaller step allows for more accurate order placement and may improve the structure of the order book.

Another point:

Binance separately noted that existing orders are not canceled due to the tick size change and continue to match using the old step.

For a normal manual trade, the difference may look insignificant.

For bots, API, and a large number of limit orders—no longer.

My takeaway:

In Futures, you should watch not only the chart.

Trading rules sometimes also change how exactly you can interact with the market.

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