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

Consideration!!! – I wrote this textual content back in September and sent it to technical help earlier than the cryptocurrency market crash (before October 10th), however 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 before October 10th), but within the second part of the text, I present the present token costs as of October 29th. Nevertheless, this isn't essential, as you'll be able to perceive the problem from the previous costs and previous screenshots.

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

FIRST part of the text.

There's one drawback on Binance - some cryptocurrencies (tokens) on futures are missing yet one more digit (signal) after the decimal point (or interval). This occurred because the worth of some tokens fell sharply. For example, FLOW in 2022 was value $7,759 and now it is $0,415 (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 since the worth has fallen sharply, the unfold in proportion between the acquisition and sale prices has increased significantly. Trading futures is turning into unprofitable. Also, the token chart turns into very jagged and uneven, troublesome to visually perceive. Further, I converted the textual content into the screenshot, because it is unimaginable to create a evaluate about the problem with greater 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 level. That's, the FLOW worth shouldn't be $ Zero,415 however must be $ Zero,4151. That's, it must be Zero,415(+ 1). The same is true for the GTC token. Now on Binance, GTC is value $ Zero,349 and it ought to be $ Zero,3491, that is, it ought to be 0,349(+ 1)

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

Within the screenshots, I gave an example of a number of tokens, where 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 instance, within the first screenshot of FLOW on Binance, there are solely three decimal places, so the chart is jagged and onerous to understand. The worth spread could be very giant, reaching 0.25% - this can be a lot (lower part of the screenshot). The traditional unfold is from Zero.01% to Zero.03%. But on Bybit, there are already 4 decimal locations, so the chart appears a lot better and clearer, in addition to a small unfold between shopping for and promoting. Trading turns into more profitable and predictable for bizarre users.

The second screenshot exhibits an instance for GTC. The worth of GTC on Binance is $0,349 - that is, we see 3 digits (signs) after the decimal level. However on Bybit there are already four digits after the decimal point - $0,3483 and subsequently the chart seems a lot better. Additionally, at the bottom of the screenshot, you possibly can see that on Binance the spread is 0.29% (which is rather a lot), whereas on Bybit the unfold is simply Zero.03% - that is rather more profitable for trading, particularly for atypical users.

And the third screenshot exhibits an example of the CRV worth, the place it's also very clear that another digit after the decimal level is lacking. Now the worth on Binance is $Zero,779, nevertheless it ought to be $Zero,7791, that's, it ought to be 0,779(+1).

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

SECOND a part of the text.

Now, after October 10th, prices have fallen even lower, so the unfold has widened even further and buying and selling has turn into even worse. For example, the spread on the FLOW token is at present Zero.37%, while on the GTC token it's a whopping Zero.51%. That is extremely high for futures buying and selling.

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

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

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

CRV – the worth is now $0,534, nevertheless it must be $0,5341. That's, it must be 0,534(+1)

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

SNX – the worth is now $1,103, however it must 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 is, it ought to be 1,125(+1)

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

DYDX – now the worth is $0,324, however it must be $0,3241. That is, it must be 0,324(+1)

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

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

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

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

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

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

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

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

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

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

ZLJ – the worth is now $Zero,0669, nevertheless it ought to be $Zero,06691. That's, it must be 0,0669(+1)

COOKIE – the worth is now $0,0910, however it must be $0,09101. That's, it ought to be Zero,0910(+1)

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

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

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

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

HOT – now the worth is $0,000645, nevertheless it ought to be $Zero,0006451. That's, it must be 0,000645(+1)

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

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

1000SATS – now the worth is $0,0000232, nevertheless it must be $0,00002321. That is, it must be 0,0000232(+1)

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

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

The tokens that might be written under still have 4 digits after the decimal level, however are already close to 3 digits in case of additional worth reduction. Also, for a lot of of them, the unfold is Zero.07-0.08% as an alternative of 0.01-0.02%, so it's advisable so as to add another digit (sign) after the decimal point to those tokens now.

ALGO – the worth is now $Zero,1832, however it ought to be $Zero,18321. That is, it ought to be 0,1832(+1)

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

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

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

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

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

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

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

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

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