Cryptocurrency exchange OKX has unveiled plans to adjust tick sizes across select spot and margin trading pairs. The changes will take effect between 6:00 am and 8:00 am UTC on March 12, 2024.
The update outlines specific modifications to tick sizes for numerous trading pairs, aiming to optimize price increments and facilitate smoother order execution. OKX has provided comprehensive guidance detailing protocols for managing open orders during the transition period.
Tick size decreases will automatically trigger order cancelations, while increases will retain existing open orders at their placed price levels. Any stranded orders resulting from the adjustments will be canceled.
The announcement underscores OKX’s commitment to continuous improvement of its trading infrastructure. By fine-tuning these crucial parameters, the exchange aims to deliver an enhanced user experience marked by elevated liquidity and more seamless trading across its platform.
Market participants are advised to review the official announcement and support resources for complete details on the forthcoming tick size overhaul.
