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Binance lowers tick size for SOMIUSDT futures contract

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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.

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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.

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