The leading cryptocurrency exchange Binance is boosting support for prominent digital assets such as SingularityNET (AGIX), Shiba Inu (SHIB), and TerraClassicUSD (USTC). By adjusting the tick size of trending spot trading pairs, Binance aims to enhance market liquidity and improve the overall trading experience by next week.

Binance to Modify Tick Sizes for Various Cryptos

In an official statement, Binance announced plans to modify the tick size for certain listed cryptocurrencies via API on May 23 at 05:00 UTC. The exchange explained that the goal of this adjustment is to increase market liquidity and provide a better trading experience for users.

The announcement clarified that the tick size update will not impact existing spot orders. Orders placed before the update will still be matched using the original tick size.

The tick size will be reduced for pairs including AGIX/FDUSD, AGIX/TRY, AGIX/USDT, ALT/BNB, ALT/FDUSD, ALT/TRY, ALT/USDC, ALT/USDT, ARKM/BNB, ARKM/FDUSD, ARKM/TRY, ARKM/TUSD, ARKM/USDT, EDU/USDT, FET/FDUSD, FET/TRY, FET/USDC, and FET/USDT.

Conversely, the tick size will be increased for pairs such as ID/TRY, ID/USDT, REN/USDT, SHIB/TRY, STX/FDUSD, STX/TRY, STX/USDC, STX/USDT, TRX/TRY, TRX/XRP, USTC/FDUSD, USTC/TRY, USTC/USDT, VANRY/USDT, XAI/BNB, and XAI/TRY.

Positive Price Movements for SHIB, USTC, and AGIX

The prices of SHIB, USTC, and AGIX have seen an uptick following the announcement. SHIB's price increased by 2% over the last 24 hours and 12% over the week, currently trading at $0.000025. Despite the price rise, trading volume has dropped by 50% in the past 24 hours.

USTC experienced a 4% rise in the last 24 hours, with its current price at $0.02244. The 24-hour low and high are $0.02157 and $0.02283, respectively.

AGIX saw a significant 7% increase in the last 24 hours. It is now trading at $0.980, with a 24-hour low and high of $0.912 and $0.989.

Conclusion

Binance's initiative to adjust tick sizes is aimed at enhancing liquidity and improving the trading experience for users. This move has already had a positive impact on the prices of SHIB, USTC, and AGIX, signaling increased market activity and interest in these cryptocurrencies.