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

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

FIRST part of the textual content.

There's one drawback on Binance - some cryptocurrencies (tokens) on futures are lacking another digit (sign) after the decimal level (or interval). This occurred as a result of the worth of some tokens fell sharply. For instance, 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 text). Or GTC in 2021 was value $26,751 and now it's $Zero,349. And because the worth has fallen sharply, the spread in proportion between the acquisition and sale costs has increased enormously. Trading futures is turning into unprofitable. Additionally, the token chart turns into very jagged and uneven, troublesome to visually understand. Additional, I converted the textual content into the screenshot, as a result of it is unattainable to create a assessment about the issue with greater than 1000 characters.

To scale back the spread between the purchase and sale prices and improve the readability of the chart, you'll want to add another digit (sign) after the decimal level. That's, the FLOW worth shouldn't be $ Zero,415 however must be $ 0,4151. That is, 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 $ 0,3491, that's, it must be 0,349(+ 1)

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

Within the screenshots, I gave an instance of a number of tokens, where you possibly can see the distinction in the charts (used Tradingview) and the unfold between the worth on the Binance and Bybit exchanges. For example, within the first screenshot of FLOW on Binance, there are solely three decimal locations, so the chart is jagged and exhausting to perceive. The worth unfold could be very giant, reaching Zero.25% - this can be a lot (decrease part of the screenshot). The traditional spread is from Zero.01% to Zero.03%. But on Bybit, there are already 4 decimal places, so the chart seems a lot better and clearer, as well as a small spread between buying and promoting. Trading turns into extra profitable and predictable for peculiar customers.

The second screenshot exhibits an instance for GTC. The worth of GTC on Binance is $Zero,349 - that is, we see 3 digits (indicators) after the decimal point. However on Bybit there are already four digits after the decimal level - $Zero,3483 and subsequently the chart seems a lot better. Also, on the backside of the screenshot, you'll be able to see that on Binance the spread is Zero.29% (which is quite a bit), while on Bybit the spread is just Zero.03% - this is rather more profitable for buying and selling, particularly for strange customers.

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

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

SECOND part of the text.

Now, after October 10th, prices have fallen even lower, so the unfold has widened even further and trading 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 incredibly high for futures trading.

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

FLOW – the worth is now $Zero,267, nevertheless 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 must be Zero,197(+1)

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

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

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

UMA – the worth is now $1,125, however it must be $1,1251. That's, 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 Zero,324(+1)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The tokens that will probably be written under still have 4 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-Zero.08% as an alternative of Zero.01-0.02%, so it is advisable so as to add another digit (sign) after the decimal point to those tokens now.

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

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

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

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

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

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

EDU – the worth is now $0,1804, nevertheless it must be $Zero,18041. That's, it ought to be 0,1804(+1)

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

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

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