Binance Making Major Changes To Key Spot Pairs Amid Crypto Market Recovery
Highlights
- Binance announces adjustments for the tick size of certain spot trading pairs amid crypto market recovery.
- Tick size will be changed for Arweave, Arkham, FLOKI, Fantom, Immutable, Chainlink, Polygon, Near, Tron, dogwifhat, and LayerZero.
- IMX, ZRO, FLOKI, WIF, and other crypto pick upside momentum.
The world’s largest crypto exchange Binance on Monday announces making adjustments for the tick size of certain spot trading pairs. The major spot trading pairs under the plan are Arweave (AR), Arkham (ARKM), FLOKI, Fantom (FTM), Immutable (IMX), Chainlink (LINK), Polygon (MATIC), Near Protocol (NEAR), Tron (TRX), dogwifhat (WIF), and LayerZero (ZRO).
Binance Plans Tick Size Adjustments To FLOKI, MATIC, WIF, ZRO
Crypto exchange Binance making major changes to tick size for many spot trading pairs by July 22, according to an official announcement on July 15. The tick size is known as the minimum change in the unit price of a crypto.
The move comes amid a broader crypto market recovery. The crypto exchange plans to increase market liquidity and improve trading experience for its users. For details about tick sizes of all spot trading pairs on Binance, users can refer to the Trading Rules.
Details of adjustments based on updated tick size are as follows:
- AR/TRY, CYBER/TRY, NEAR/TRY, ZRO/TRY changed to 0.1
- AR/FDUSD, AR/USDC, AR/USDT, FTM/TRY, IMX/TRY, LINK/EUR, LINK/FDUSD, LINK/USDC, LINK/USDT, LISTA/TRY, and MATIC/TRY revised to 0.01
- ARKM/USDC, IMX/USDT, ORN/USDT, PHB/USDT, RAY/USDT, WIF/EUR, WIF/FDUSD, WIF/USDC, WIF/USDT changed to 0.001
- FLOKI/TRY revised from 0.0000001 to 0.000001, MATIC/BNB from 0.000001 to 0.0000001, PERP/USDT from 0.001 to 0.0001, TRB/BTC to 0.000001, TRX/EUR and TRX/USDT 0.0001
The tick size will not impact current spot orders, but tick size via API will also change. Binance warns users about adjusting their trading strategies to avoid unwarranted impact on trading.
Also Read: Donald Trump Still Committed To Speak At Bitcoin Conference
Price Action Amid Crypto Market Recovery
The above-mentioned crypto trading pairs are trading in green today after the crypto market recovery. Among these crypto, Immutable (IMX) and LayerZero saw massive upside price action, with price soaring 9% and 6% in the last 24 hours.
FLOKI price soared 3% in the past 24 hours, with price currently trading at $0.0001533. Meanwhile, WIF price jumped 5% to $1.78, facing resistance at the $1.8 level.
LINK price climbed 4% to $13.72, while MATIC and TRX saw profit booking after the rally last week. Traders expect market recovery to extend as sentiment improves after the end of the German government selloff and anticipated Fed rate cuts in September.
Also Read: Ripple Vs SEC — Lawyers Reflect On Settlement, Odds Of Judge Torres’ Ruling Today
- XRP to $9? Analysts Tip ‘XRP Is a Buy’ as Price Targets 200% Surge
- CZ Endorses Hyperliquid Rival Aster DEX, Token Rallies 1,500%
- Tom Lee’s BitMine Adds $84M in ETH as Expert Predicts Ethereum Rally to $5K
- Grayscale’s Crypto Index Fund Sees ‘Solid Start’ as SOL, XRP Institutional Demand Climbs
- Senate Democrats Urge Republicans for ‘True Collaboration’ to Quickly Pass CLARITY Act
- PUMP Price Forecast: Whale Buys 1B Tokens as Bullish Pennant Signals 65% Breakout
- Bitcoin Price Prediction: Analyst Highlights Breakout Patterns as Coinbase CEO Backs Crypto Structure Bill
- Dogecoin Price Prediction: Grayscale ETF Move Aligns With Cycle Breakout
- Chainlink Price Prediction: Whales Scoop 2M LINK as Analysts Eye 184% Breakout Rally
- Shiba Inu (SHIB) Price Prediction: Massive SHIB Burn and 80-Week Cycle Mirroring Past Rallies: Will History Repeat?
- Cardano Price Stays Above Ichimoku Cloud as Grayscale ADA ETF Approval Nears
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
