To enhance market liquidity and improve the overall trading experience, OKX has announced upcoming adjustments to the tick sizes for a range of spot, margin, and perpetual swap trading pairs. These changes are scheduled to occur during two separate maintenance windows.
The first adjustment period is set for April 18, 2024, from 7:00 am to 9:00 am UTC. A second, more extensive adjustment will follow on April 25, 2024, from 7:00 am to 9:00 am UTC.
Traders are encouraged to review the changes carefully and adjust their strategies accordingly to navigate the updates smoothly.
Detailed Schedule of Tick Size Adjustments
The adjustments will be implemented in two phases, affecting different sets of trading pairs. For any trading pair available in both spot and margin markets, the tick size change will apply to both.
Adjustments on April 25, 2024
During this window, trading for the following pairs will be temporarily suspended for exactly two minutes to facilitate a change to a smaller decimal value. The suspensions are scheduled in precise two-minute intervals to minimize overall disruption.
| Type | Trading Pair | Previous Tick Size | New Tick Size | Suspension Window (UTC) |
|---|---|---|---|---|
| Spot | APT/USDC | 0.0001 | 0.001 | 07:00 - 07:02 |
| Spot | APT/USDT | 0.0001 | 0.001 | 07:02 - 07:04 |
| Spot | AR/USDC | 0.001 | 0.01 | 07:04 - 07:06 |
| Spot | AVAX/EUR | 0.001 | 0.01 | 07:06 - 07:08 |
| Spot | BETH/USDT | 0.01 | 0.1 | 07:08 - 07:10 |
| Spot | BTC/BRL | 0.1 | 1 | 07:10 - 07:12 |
| Spot | BTC/DAI | 0.1 | 1 | 07:12 - 07:14 |
| Spot | BTC/EUR | 0.1 | 1 | 07:14 - 07:16 |
| Spot | BTC/EURT | 0.1 | 1 | 07:16 - 07:18 |
| Spot | ETH/BRL | 0.01 | 0.1 | 07:18 - 07:20 |
| Spot | ETH/DAI | 0.01 | 0.1 | 07:20 - 07:22 |
| Spot | ETH/EUR | 0.01 | 0.1 | 07:22 - 07:24 |
| Spot | ETH/TRY | 0.1 | 1 | 07:24 - 07:26 |
| Spot | ETHFI/USDT | 0.0001 | 0.001 | 07:26 - 07:28 |
| Spot | FET/EUR | 0.0001 | 0.001 | 07:28 - 07:30 |
| Spot | GEAR/USDT | 0.000001 | 0.00001 | 07:30 - 07:32 |
| Spot | GPT/USDT | 0.00001 | 0.0001 | 07:32 - 07:34 |
| Spot | MKR/EUR | 0.1 | 1 | 07:34 - 07:36 |
| Spot | MKR/USDC | 0.1 | 1 | 07:36 - 07:38 |
| Spot | OM/USDT | 0.00001 | 0.0001 | 07:38 - 07:40 |
| Spot | RIO/USDT | 0.0001 | 0.001 | 07:40 - 07:42 |
| Spot | SATS/USDT | 0.00000000001 | 0.0000000001 | 07:42 - 07:44 |
| Spot | SHIB/EUR | 0.000000001 | 0.00000001 | 07:44 - 07:46 |
| Spot | SLN/USDT | 0.0001 | 0.001 | 07:46 - 07:48 |
| Spot | STX/USDC | 0.0001 | 0.001 | 07:48 - 07:50 |
| Spot | VELODROME/USDT | 0.00001 | 0.0001 | 07:50 - 07:52 |
| Spot | VENOM/USDT | 0.00001 | 0.0001 | 07:52 - 07:54 |
| Spot | WBTC/USDT | 0.1 | 1 | 07:54 - 07:56 |
Adjustments on April 18, 2024
For the following trading pairs, the tick size will be adjusted without any trading suspension. Trading activity will continue uninterrupted throughout the maintenance window.
| Type | Trading Pair | Previous Tick Size | New Tick Size |
|---|---|---|---|
| Perpetual | AGLD/USDT | 0.001 | 0.0001 |
| Perpetual | ALPHA/USDT | 0.0001 | 0.00001 |
| Perpetual | APE/USDT | 0.001 | 0.0001 |
| Spot | CGL/USDT | 0.00001 | 0.000001 |
| Spot | DOT/BTC | 0.0000001 | 0.00000001 |
| Spot | EM/USDT | 0.000001 | 0.0000001 |
| Spot | EURT/USDT | 0.001 | 0.0001 |
| Spot | FIL/BTC | 0.0000001 | 0.00000001 |
| Spot | ICE/USDT | 0.00001 | 0.000001 |
| Spot | IQ/USDT | 0.00001 | 0.000001 |
| Spot | LBR/USDT | 0.001 | 0.0001 |
| Spot | OMI/USDT | 0.000001 | 0.0000001 |
| Spot | XLM/USDT | 0.0001 | 0.00001 |
| Spot | XRP/BTC | 0.00000001 | 0.000000001 |
Important Considerations for Traders
Understanding how these tick size modifications impact existing orders and trading bots is crucial for risk management.
Handling of Existing Orders and Positions
The effect on your current orders depends on the direction of the tick size change.
For a change to a smaller decimal value (e.g., 0.0001 to 0.01):
- Limit Orders: Any existing order with a price containing more decimal places than the new tick size will be automatically canceled. Orders with a number of decimals equal to or fewer than the new tick size will remain open.
Trading Bots: The handling varies by bot type:
- Grid and DCA Bots: All open orders from these bots will be canceled, and the bots themselves will be stopped.
- Other Bots (Signal, Recurring Buy, etc.): Open orders will be canceled, but the bots will not be stopped. They will resume activity using the new tick size once trading recommences.
For a change to a larger decimal value (e.g., 0.01 to 0.0001):
- All existing orders will be filled according to the new, more precise tick size without being canceled.
These rules apply uniformly to orders placed manually and those placed via API. However, API users should note that the system will automatically round orders to fit the new tick size after the adjustment.
Order Display in History
How your order history appears will also change:
- Adjustment to smaller decimals: For most users, the display of open and historical orders will be rounded to match the new tick size. API users will see the original, pre-adjustment values.
- Adjustment to larger decimals: All order history will continue to display the original tick size.
👉 Explore more strategies for adapting to exchange updates and optimizing your trading approach.
Risk Warning
It is important to remember that digital asset trading carries inherent risks, including high volatility and potential liquidity issues. The information provided here is for educational purposes only and should not be considered financial advice. Always conduct your own research and assess your risk tolerance before engaging in any trading activity.
Frequently Asked Questions
What is a tick size in trading?
A tick size is the smallest possible increment by which the price of a trading pair can move. It defines the minimum price change and affects the precision of order placement. Exchanges adjust them to improve liquidity and market efficiency.
Will my open orders be canceled during the adjustment?
It depends on the order type and the change. Orders with more decimals than the new tick size will be canceled when the change is to a larger increment (e.g., 0.0001 to 0.01). Orders remain if the change is to a smaller increment. Always check the specific details for your trading pairs.
How does this affect my trading bots?
Grid and DCA bots will be stopped, and their orders canceled. Other bot types like Signal or Recurring Buy will have their orders canceled but will automatically restart with the new tick size after the maintenance period. Review your bot settings beforehand.
Can I trade during the maintenance window?
For pairs listed on April 25, trading will be suspended for exactly two minutes per pair. You will be unable to place, amend, or cancel orders for that specific pair during its two-minute window. All other trading will continue uninterrupted.
Why is the exchange making these changes?
These adjustments are primarily made to enhance market liquidity and improve the overall trading experience for all users on the platform. A more appropriate tick size can lead to tighter spreads and better price discovery.
Where can I get help if I have questions?
For specific inquiries regarding how these adjustments might impact your account or strategies, you should seek information from official support channels to get the most accurate and timely assistance.