It is necessary to add one digit (sign) after the decimal point to reduce the spread in futures trading.

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https://preview.redd.it/rqf894pkezxf1.png?2952&format=png&auto=webp&s=06d75e7dfaacd99d25089506ca86e280d96edaf1

Attention!!! – I wrote this text back in September and despatched it to technical help earlier than the cryptocurrency market crash (earlier than October 10th), but I nonetheless haven't acquired a response. Subsequently, the token prices in the first a part of this textual content are greater than they're now (and the screenshots have been additionally taken earlier than October 10th), but within the second a part of the text, I provide the present token costs as of October 29th. Nevertheless, this isn't crucial, as you'll be able to understand the problem from the previous prices and previous screenshots.

I repeat – the costs within the first part of the textual content (and the screenshots) have been taken earlier than October 10th, so they are larger than they are now. Nevertheless, in the second part of the check, the costs are present at the present time – October 29th.

FIRST a part of the text.

There's one drawback on Binance - some cryptocurrencies (tokens) on futures are lacking another digit (signal) after the decimal point (or interval). This happened because the worth of some tokens fell sharply. For instance, FLOW in 2022 was value $7,759 and now it's $Zero,415 (the worth might change between the date the textual content was created and the date you read the textual content). Or GTC in 2021 was value $26,751 and now it is $Zero,349. And because the worth has fallen sharply, the spread in proportion between the acquisition and sale costs has elevated enormously. Buying and selling futures is turning into unprofitable. Also, the token chart becomes very jagged and uneven, troublesome to visually understand. Additional, I converted the text into the screenshot, because it's unattainable to create a assessment about the issue with more than 1000 characters.

To scale back the spread between the acquisition and sale costs and enhance the readability of the chart, you want to add one other digit (signal) after the decimal point. That's, the FLOW worth shouldn't be $ Zero,415 however must be $ 0,4151. That's, it must be 0,415(+ 1). The same is true for the GTC token. Now on Binance, GTC is value $ 0,349 and it ought to be $ Zero,3491, that is, it ought to be Zero,349(+ 1)

As a result of there are too many tokens on Binance, and the worth can fall tens of occasions, Binance admins might merely not be capable of hold monitor of all the tokens, so I wrote this text.

In the screenshots, I gave an instance of a number of tokens, the place you'll be able to see the distinction within the charts (used Tradingview) and the spread between the worth on the Binance and Bybit exchanges. For example, in the first screenshot of FLOW on Binance, there are only three decimal places, so the chart is jagged and arduous to perceive. The worth unfold could be very giant, reaching Zero.25% - this can be a lot (lower part of the screenshot). The traditional spread is from Zero.01% to 0.03%. But on Bybit, there are already 4 decimal locations, so the chart appears a lot better and clearer, as well as a small spread between buying and selling. Buying and selling turns into more worthwhile and predictable for strange users.

The second screenshot exhibits an example for GTC. The worth of GTC on Binance is $Zero,349 - that is, we see 3 digits (signs) after the decimal level. But on Bybit there are already 4 digits after the decimal level - $0,3483 and subsequently the chart seems to be a lot better. Also, at the backside of the screenshot, you'll be able to see that on Binance the unfold is Zero.29% (which is lots), while on Bybit the unfold is simply Zero.03% - this is rather more worthwhile for trading, especially for strange customers.

And the third screenshot exhibits an example of the CRV worth, the place additionally it is very clear that yet one more digit after the decimal point is missing. Now the worth on Binance is $Zero,779, nevertheless it must be $0,7791, that's, it must be 0,779(+1).

Thus, we will conclude that some tokens want to add one other digit (sign) after the decimal level (dot) to their worth, which can scale back the worth spread and make the chart far more visually readable.

SECOND a part of the textual content.

Now, after October 10th, costs have fallen even lower, so the unfold has widened even additional and trading has grow to be even worse. For instance, the unfold on the FLOW token is at present 0.37%, whereas on the GTC token it's a whopping 0.51%. This is incredibly high for futures trading.

Under is an inventory of tokens for which it's vital so as to add one other digit (signal) after the decimal point.

FLOW – the worth is now $0,267, however it must be $0,2671. That's, it ought to be Zero,267(+1)

GTC – the worth is now $Zero,197, however it ought to be $0,1971. That's, it ought to be 0,197(+1)

CRV – the worth is now $Zero,534, however it must be $Zero,5341. That is, it ought to be Zero,534(+1)

XTZ – the worth is now $0,590, nevertheless it ought to be $0,5901. That is, it ought to be Zero,590(+1)

SNX – the worth is now $1,103, nevertheless it ought to be $1,1031. That is, it ought to be 1,103(+1)

UMA – the worth is now $1,125, however it ought to be $1,1251. That's, it must be 1,125(+1)

RUNE – now the worth is $Zero,862, however it must be $0,8621. That is, it ought to be Zero,862(+1)

DYDX – now the worth is $0,324, nevertheless it must be $Zero,3241. That's, it ought to be Zero,324(+1)

ALICE– now the worth is $Zero,301, however it must be $Zero,3011. That's, it ought to be 0,301(+1)

CELO – now the worth is $0,249, nevertheless it must be $0,2491. That is, it ought to be Zero,249(+1)

CTSI – now the worth is $Zero,0507, nevertheless it ought to be $0,05071. That's, it ought to be Zero,0507(+1)

OGN – the worth is now $Zero,0471, nevertheless it ought to be $0,04711. That is, it ought to be 0,0471(+1)

C98 – the worth is now $Zero,0365, however it ought to be $Zero,03651. That's, it ought to be 0,0365(+1)

ATA – the worth is now $0,0275, nevertheless it must be $Zero,02751. That's, it must be 0,0275(+1)

FLM – the worth is now $Zero,0274, nevertheless it ought to be $Zero,02741. That is, it must be 0,0274(+1)

ONT – the worth is now $0,0884, however it must be $Zero,08841. That is, it ought to be 0,0884(+1)

ICX – the worth is now $0,0876, nevertheless it must be $Zero,08761. That is, it ought to be Zero,0876(+1)

CHR – the worth is now $0,0757, nevertheless it must be $Zero,07571. That is, it must be 0,0757(+1)

ZLJ – the worth is now $Zero,0669, however it must be $0,06691. That is, it must be 0,0669(+1)

COOKIE – the worth is now $0,0910, nevertheless it must be $0,09101. That is, it must be Zero,0910(+1)

GPS – now the worth is Zero,00798 $, nevertheless it must be 0,007981 $. That is, it must be Zero,00798(+1)

CELR – now the worth is $Zero,00568, nevertheless it ought to be $Zero,005681. That's, it ought to be 0,00568(+1)

ONE – now the worth is $Zero,00645, however it ought to be $0,006451. That is, it must be Zero,00645(+1)

ANIME – now the worth is $0,00946, nevertheless it must be $Zero,009461. That is, it ought to be 0,00946(+1)

HOT – now the worth is $Zero,000645, nevertheless it must be $Zero,0006451. That is, it ought to be Zero,000645(+1)

DENT – now the worth is $Zero,000449, nevertheless it ought to be $0,0004491. That's, it ought to be 0,000449(+1)

NOT – now the worth is $0,000793, however it ought to be $Zero,0007931. That is, it must be Zero,000793(+1)

1000SATS – now the worth is $0,0000232, however it ought to be $0,00002321. That's, it must be Zero,0000232(+1)

1000WHY – now the worth is Zero,0000247 $, and it ought to be 0,00002471 $. That's, it ought to be 0,0000247(+1)

DOGS – now the worth is Zero,0000559 $, and it must be 0,00005591 $. That's, it ought to be 0,0000559(+1)

The tokens that might be written under nonetheless have four digits after the decimal point, however are already close to 3 digits in case of additional worth reduction. Additionally, for many of them, the unfold is Zero.07-0.08% as an alternative of Zero.01-Zero.02%, so it's advisable so as to add another digit (sign) after the decimal point to these tokens now.

ALGO – the worth is now $Zero,1832, nevertheless it must be $Zero,18321. That is, it must be Zero,1832(+1)

BAT – the worth is now $Zero,1677, nevertheless it ought to be $0,16771. That's, it must be Zero,1677(+1)

YGG – the worth is now $Zero,1293, nevertheless it ought to be $Zero,12931. That is, it must be 0,1293(+1)

WLFI – the worth is now $0,1442, nevertheless it must be $0,14421. That's, it must be Zero,1442(+1)

LINEA – the worth is now $Zero,1361, however it must be $Zero,13611. That is, it must be 0,1361(+1)

SONIC – the worth is now $0,1377, nevertheless it ought to be $0,13771. That's, it ought to be 0,1377(+1)

EDU – the worth is now $Zero,1804, however it ought to be $Zero,18041. That's, it ought to be Zero,1804(+1)

SHELL – the worth is now $Zero,1188, nevertheless it ought to be $0,11881. That's, it must be 0,1188(+1)

MELANIA – the worth is now $0,1223, nevertheless it ought to be $0,12231. That is, it must be Zero,1223(+1)

ARC – the worth is now $Zero,01358, however it must be $Zero,013581. That's, it must be 0,01358(+1)