Home Crypto Exchanges Binance Revamps Step Sizes for Major Cryptocurrencies: What You Need to Know

Binance Revamps Step Sizes for Major Cryptocurrencies: What You Need to Know


In a move aimed at enhancing the trading experience and market liquidity for its users, Binance, one of the leading cryptocurrency exchanges globally, has unveiled adjustments to the step sizes of several prominent cryptocurrencies. This strategic decision affects trading pairs involving Fetch.ai (FET), Injective (INJ), Solana (SOL), and Celestia (TIA), and is poised to make waves in the ever-evolving landscape of digital asset trading.

Effective April 29, Binance implemented revisions to the step sizes for these key cryptocurrencies, marking a pivotal moment for traders seeking optimized transactions and increased liquidity in the market. Among the notable changes, the step size for the FET/BNB trading pair transitioned from 1 to 0.1, while similar adjustments were made for other pairs involving FET, including FET/BTC, FET/FDUSD, FET/TRY, FET/USDC, and FET/USDT.

But what exactly are step sizes, and why do they matter in the realm of cryptocurrency trading? In essence, step sizes refer to the minimum increment by which the price of a cryptocurrency can change on a trading platform. By fine-tuning these step sizes, exchanges like Binance can facilitate smoother transactions and foster greater liquidity within the market, thereby offering traders a more seamless and efficient trading experience.

The rationale behind Binance’s decision to revise step sizes lies in its commitment to optimizing trading conditions and ensuring that users can execute orders with precision and speed. By reducing the step sizes for select trading pairs, Binance aims to minimize trading slippage and enhance price discovery, ultimately benefiting both novice and seasoned traders navigating the crypto markets.

For traders, these adjustments translate into tangible benefits, as they can now execute trades with greater granularity and accuracy, particularly when dealing with cryptocurrencies like Fetch.ai, Injective, Solana, and Celestia. With smaller step sizes, traders have more flexibility in setting their desired price levels and executing orders with minimal price impact, thus maximizing their potential returns and mitigating risks associated with market volatility.

Effective April 29, Binance’s strategic move aims to bolster market liquidity and refine the trading journey for users across the globe. Step sizes, a critical component in trading, dictate the smallest increment by which the price of an asset can change. By fine-tuning these parameters, Binance seeks to enhance trading efficiency and optimize user experience.

Fetch.ai (FET), a promising blockchain project facilitating decentralized machine learning, will witness a notable adjustment in step size. The FET/BNB trading pair will see a reduction from 1 to 0.1 in step size, along with similar adjustments across other trading pairs involving FET, including FET/BTC, FET/FDUSD, FET/TRY, FET/USDC, and FET/USDT.

Injective (INJ), a decentralized derivatives exchange protocol, is another cryptocurrency slated for step size modifications on Binance’s trading platform. Traders engaging in INJ transactions will observe a refinement from 1 to 0.1 in step size, fostering smoother trading operations and heightened liquidity.

Importantly, it’s worth noting that these revisions to step sizes do not impact existing spot orders or core functions on the Binance platform. Users can continue to trade seamlessly and access a wide range of cryptocurrency pairs without any disruption, as Binance remains committed to providing a reliable and user-friendly trading environment.

Looking ahead, the implications of these step size adjustments extend beyond the realm of individual trades, potentially shaping the broader landscape of cryptocurrency markets. As Binance takes proactive steps to optimize market conditions and enhance liquidity, other exchanges may follow suit, ushering in a new era of efficiency and accessibility for crypto traders worldwide.

In conclusion, Binance’s decision to revise step sizes for key cryptocurrencies reflects its ongoing commitment to innovation and user-centric design in the fast-paced world of digital asset trading. By prioritizing market liquidity and trading experience, Binance sets a precedent for excellence in the cryptocurrency exchange industry, paving the way for a more inclusive and dynamic marketplace for all participants.

Read more about:
Share on


Evie is a blogger by choice. She loves to discover the world around her. She likes to share her discoveries, experiences and express herself through her blogs.

Crypto newsletter

Get the latest Crypto & Blockchain News in your inbox.

By clicking Subscribe, you agree to our Privacy Policy.