Kraken is going to reduce price precision on all trading pairs

Reducing the price precision will help reduce extraneous activity in the order books as traders continually jump in front of each other by a very small fraction, resulting in a higher volume of canceled (unfilled) orders. For example, 2 decimal places will be allowed for bitcoin-USD (XBT/USD), meaning that you can place an order for $4,350.01 but not $4,350.001. Trying to place an order with more decimal places than allowed will result in an error and the order will not be created. If the “%” option is used to specify order price, the result will be truncated (rounded down) to the maximum allowed decimal place.

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