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Decimal Places - why is it some coins can be traded to more decimal places than others and how to petition Binance for a change ?

Binance

Cryptocoins Exchanges / Binance 265 Views

So obviously BTC can be traded to many decimal places due to its high value. But then MATIC can be traded to 3 decimal places while SOL has only 2. Some coins even less, if any.

In the example of SOL, with it now being a top 10 and probably soon top 5 crypto by market cap, how to go about having binance add some more precision ?

Before someone says "you can convert dust to BNB" it doesn't solve the issue of actually trading and not being able to place precise enough trades. This is especially an issue when scalping, boting or even day trading where you might place many many trades in a day, it quickly adds up. It's even more an issue when scalping/boting and taking profits in base, because you'll quickly erode your quote bankroll (boting on SOL/BUSD and taking profits in SOL means I'll often "loose" 1 to 2USD per trade which is enormous as it means I'll have to constantly replenish my BUSD).

submitted by /u/JohnHue
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