Summary
- Upbit announced that it will change the tick size for USDT/KRW and USDC/KRW markets.
- The exchange stated that it is subdividing the tick size to support more efficient price discovery.
- The order unit for price ranges between 1,000 won and 10,000 won will be adjusted from the current 1 won to 0.5 won.
Domestic virtual asset (cryptocurrency) exchange Upbit announced that it will change the tick size for its Tether (USDT) and USD Coin (USDC) markets.
On the 28th, Upbit stated through its official channel, "We are subdividing the tick size for USDT/KRW and USDC/KRW markets to support more efficient price discovery," adding that "the tick size change will only apply to USDT/KRW and USDC/KRW markets."
The order unit for price ranges between 1,000 won and 10,000 won will be adjusted from the current 1 won to 0.5 won.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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