Cryptocurrency alternate OKX has unveiled plans to regulate tick sizes throughout choose spot and margin buying and selling pairs. The modifications will take impact between 6:00 am and eight:00 am UTC on March 12, 2024.
The replace outlines particular modifications to tick sizes for quite a few buying and selling pairs, aiming to optimize worth increments and facilitate smoother order execution. OKX has offered complete steerage detailing protocols for managing open orders in the course of the transition interval.
Tick measurement decreases will robotically set off order cancelations, whereas will increase will retain present open orders at their positioned worth ranges. Any stranded orders ensuing from the changes shall be canceled.
The announcement underscores OKX’s dedication to steady enchancment of its buying and selling infrastructure. By fine-tuning these essential parameters, the alternate goals to ship an enhanced person expertise marked by elevated liquidity and extra seamless buying and selling throughout its platform.
Market individuals are suggested to evaluate the official announcement and assist sources for full particulars on the forthcoming tick measurement overhaul.
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