Quantcast

Binance lowers tick size for SOMIUSDT futures contract

CRYPTO NEWS AROUND THE GLOBE
Polymarket Blocks French Traders Amid Gambling Inquiry
Gary Gensler announces his resignation for the inauguration of Donald Trump
FTX co-founder Gary Wang sentenced to time served
UK poised to unveil crypto regulations amid pressure to retain industry
Bitcoin in search of 100,000 $: A $400 million standoff
Trump's US-Propelled Crypto Adoption – Will France Follow?
MicroStrategy Upsizes Debt Offering to $2.6B; Breaks Into Top 100 U.S. Public Companies by Market Cap
Bitcoin on November 20 – BTC dominates the crypto market in this bull run
BIS study questions decentralization in DeFi liquidity provision
Bitcoin surges to record high near $95,000
Polish Presidential Candidate Bullish on Bitcoin – Following in Donald Trump’s Footsteps?
Cryptocurrencies: Goldman Sachs will dedicate its blockchain to institutional trading
Michael Saylor's MicroStrategy Added Additional 51,780 Bitcoin for $4.6B
Speculation looms over SEC leadership under Trump as rhetoric escalates
Outlier Ventures CCO: 'Fundamental crypto general-purpose technology' in off-chain sectors is 'interesting'
Bank of Russia revokes license of Corporate Finance Bank LLC
MANTRA CEO: 'We're obviously meant to be relatively agnostic' as a 'layer one blockchain'
Bitcoin blips down as Fed’s Powell says no ‘hurry to lower rates’
Chainalysis CRO: 'I think TradFi is coming to the blockchain'
KYC, filtering, and sanctions: the European Banking Authority wants to toughen crypto regulation
Trump Names Former SEC Chair Jay Clayton to DOJ Office, the Same Office That Prosecuted SBF
Gary Gensler's days at the SEC are numbered – His letter suggests his resignationGary Gensler's days at the SEC are numbered – His letter suggests his resignation
Visa launches tokenized asset platform to bridge fiat and blockchain
DFF CEO: 'There needs to be more collaboration, more unity between nations'
Bitcoin: BTC surpasses $92,000, on the way to $100,000?
BlackRock Expands Tokenized Fund BUIDL Beyond Ethereum to 5 New Blockchains
Donald Trump Places Elon Musk in Government Position – What Impact on Dogecoin (DOGE)?
Dogecoin Flips XRP as Elon Musk-Linked Trade Keeps on Giving
Elon Musk revives the idea of dismantling the Federal Reserve (Fed): A call to Bitcoin supporters?
Bitcoin offers almost a new ATH per day – 100,000$ by January?
All Crypto News Around The Globe
Binance lowers tick size for SOMIUSDT futures contract
Web3/Crypto
Webp changpeng zhao 16
Changpeng Zhao, Founder for Binance | X

Binance has announced a reduction in the tick size for the SOMIUSDT USDⓈ-M Perpetual Futures Contract from 0.001 to 0.0001, aiming to improve liquidity and trading precision.

According to Binance’s official update, the exchange periodically refines tick sizes—the minimum allowable price movement—to better align with market liquidity and trading behavior. Adjusting tick sizes helps in narrowing bid-ask spreads and facilitating smoother order execution, ultimately benefiting traders. This change is part of Binance’s continued efforts to optimize its futures contracts and enhance user experience.

Effective September 2, 2025, at 15:45 UTC, Binance will implement this change for SOMIUSDT USDⓈ-M Perpetual Futures, allowing for more granular pricing. This finer resolution enables traders to place orders at tighter price intervals, which can improve precision and potentially tighten spread costs. The update is intended to support deeper market liquidity and precise trading strategies.

Get the Newsletter
Sign-up to receive weekly round up of news from Crypto Republique
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

Binance confirmed that existing orders placed before the update will not be affected and will continue to be matched according to the original tick size rules. Traders using APIs are advised to retrieve updated tick size data via the GET /fapi/v1/exchangeInfo endpoint, ensuring compatibility with their systems. These measures aim to facilitate a seamless transition without disrupting ongoing trades.

According to Binance’s company profile, the exchange was founded in 2017 and has since become the world’s largest cryptocurrency platform by trading volume. It offers a broad range of services—including spot and derivatives trading, staking, lending, institutional products, and Web3 infrastructure—to millions of global users. Tactical adjustments like the SOMIUSDT tick size update exemplify Binance’s proactive stance on enhancing trading infrastructure and market efficiency.

Organizations Included in this History
Binance
More News

CEO of Coinbase on future crypto adoption: 'The best tech is often invisible'

Brian Armstrong, CEO of Coinbase, said that broader cryptocurrency use will emerge from seamless products where users benefit without engaging with the underlying systems.

Oct 22, 2025

Strategy co-founder on bitcoin holdings: 'Strategy has acquired 220 BTC for ~$27.2 million'

Michael Saylor, co-founder of Strategy Inc., announced that the company has expanded its bitcoin holdings and reported a 25.9% year-to-date yield for 2025.

Oct 22, 2025

Founder of Wealth Mastery on crypto market volatility: 'This is not the time for over-leveraging'

Lark Davis, founder of Wealth Mastery, advised traders to avoid leverage and risky "revenge trading" amid widespread liquidations and emphasized the importance of protecting capital.

Oct 22, 2025

Optimum co-founder on gold rally: 'That just unlocks more room for Bitcoin'

Kent Lin, Co-founder of Optimum, said that Bitcoin's market capitalization is approximately 7% of gold's, suggesting that the rally in gold expands potential upside for Bitcoin.

Oct 22, 2025

CAFE Association Research director on industry leadership: CAFE is demonstrating ‘how consumer protection and innovation coexist’

Anna Milne, founding director of research for the CAFE Association, said that membership focuses on industry leadership that combines innovation with consumer protection, rather than merely adhering to baseline compliance.

Oct 20, 2025

CAFE Association Executive Director on consumer protection: 'Our mission is to protect vulnerable populations, provide trusted resources'

Edward "Coach" Weinhaus, the Founding Executive Director of the CAFE Association, emphasized that fraud is a shared problem and detailed the organization's plan to educate consumers and support responsible companies.

Oct 17, 2025

Crypto Comments
Loading...

No comments available.

Trending
1

Crypto Anti-Fraud Education Association launches with open membership

2

CAFE Association Research director on industry leadership: CAFE is demonstrating ‘how consumer protection and innovation coexist’