Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: Yamane_Keto on July 15, 2024, 02:17:18 PM
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The main spot trading pairs affected by Binance’s adjustments include popular altcoins such as Arweave (AR), Arkham (ARKM), FLOKI, Fantom (FTM), Immutable (IMX), Chainlink (LINK), Polygon (MATIC), Near Protocol (NEAR), Tron (TRX), dogwifhat (WIF), Phoenix (PHB), Perpetual Protocol (PERP), Orion (ORN), Lista DAO (LISTA), Cyber (CYBER), Tellor (TRB), and LayerZero (ZRO). These changes are part of Binance’s strategy to support the recovering cryptocurrency market and provide a better trading environment.]The main spot trading pairs affected by Binance’s adjustments include popular altcoins such as Arweave (AR), Arkham (ARKM), FLOKI, Fantom (FTM), Immutable (IMX), Chainlink (LINK), Polygon (MATIC), Near Protocol (NEAR), Tron (TRX), dogwifhat (WIF), Phoenix (PHB), Perpetual Protocol (PERP), Orion (ORN), Lista DAO (LISTA), Cyber (CYBER), Tellor (TRB), and LayerZero (ZRO). These changes are part of Binance’s strategy to support the recovering cryptocurrency market and provide a better trading environment.
https://en.coin-turk.com/binance-adjusts-tick-sizes-for-various-trading-pairs/
These adjusts will be useful for increasing liquidity volumes and enhancing user experience, but they may give a value greater than the actual value that is traded for these tokens.
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All were increased 10x except the AR/TRY pair which was actually reduced. I think it will also increase the minimum order amount, and that will leave some higher dust balance amounts that some users will have no choice but to convert them to BNB. This conversion directly affects spot prices by the way.
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These adjusts will be useful for increasing liquidity volumes and enhancing user experience, but they may give a value greater than the actual value that is traded for these tokens.
Honestly, I don't think this change will have a significant impact on my crypto investment journey, even though a few on this list are also on my watchlist. I often DCA BTC & ALTS through Convert on Binance and usually don't have any problems with Spot trading. Traders will probably quickly forget about this minor change as well.
This change will probably only affect trading-bots with thousands of orders per second. They will need to be fine-tuned to continue operating efficiently and ensure liquidity for Binance.
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This change will probably only affect trading-bots with thousands of orders per second. They will need to be fine-tuned to continue operating efficiently and ensure liquidity for Binance.
I do not think that they will try to influence the bottles, as this creates liquidity, but it may pay more to transfer the amounts they have the BNB, so there may be a recovery in the short term in the price due to the increased demand.