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Q: How to choose tick sizes for a pair?

Article author
Injective Protocol
  • Updated

The price of the instrument being traded directly affects the ideal tick sizes and therefore must be adjusted periodically for all assets. For example, Binance had updates the tick size for the INJ/USDT pair from 0.0001 to 0.001 as the price of the base asset increased substantially. This update ultimately improves market liquidity when trading margins increase. To choose an ideal tick size, we recommend to look for the asset you intend to propose in well-known exchanges or to find an asset that reflects a similar price to the asset you intend to propose.

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