Kraken, a San Francisco-headquartered bitcoin and cryptocurrency exchange has announced this upcoming week they will be reducing the allowed decimal place precision for placing orders in all trading pairs.

The Kraken team reports that they have received many requests from clients to apply this reduction. With the present quoting, traders are continually jumping in front of each other by small fractions, this results in a higher volume of canceled/unfilled orders. Besides, the change will help reduce the load on the trade engine with more efficient order books.

The reduction of decimal place precision for placing orders in all trading will activate starting on Wednesday, August 30th 6 am, UTC (Tuesday, August 29th, 11 pm PT).

Below is a list of all trading pairs showing the new allowed number of decimal places for each pair. For example, 2 decimal places will be allowed for bitcoin-USD (XBT/USD), meaning that traders 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 trimmed (rounded down) to the maximum allowed decimal place.

BCH/BTC 6

BCH/EUR 3

BCH/USD 3

DASH/BTC 6

DASH/EUR 3

DASH/USD 3

EOS/BTC 6

EOS/ETH 6

ETC/BTC 6

ETC/ETH 6

ETC/EUR 4

ETC/USD 4

ETH/BTC 6

ETH/CAD 3

ETH/EUR 3

ETH/JPY 1

ETH/USD 3

GNO/BTC 6

GNO/ETH 6

ICN/BTC 6

ICN/ETH 6

LTC/BTC 6

LTC/EUR 4

LTC/USD 4

MLN/BTC 6

MLN/ETH 6

REP/BTC 6

REP/ETH 6

REP/EUR 4

USDT/USD 4

XBT/CAD 2

XBT/EUR 2

XBT/JPY 0

XBT/USD 2

XDG/BTC 8

XLM/BTC 7

XMR/BTC 6

XMR/EUR 4

XMR/USD 4

XRP/BTC 6

XRP/EUR 6

XRP/USD 6

ZEC/BTC 6

ZEC/EUR 3

ZEC/USD 3

Earlier in the week, in order to begin reducing the load on its trading servers, Kraken announced they would be delisting unpopular assets from the exchange.

UPDATE SEP 6th

Effective Wednesday, September 6 around 6 am UTC Kraken announced that after some feedback from clients concerning the above changes in precision, most said they would like to see the precision reduced even further in some pairs.

Below is an updated list of all trading pairs showing the new allowed number of decimal places for each pair:

BCH/XBT 5

BCH/EUR 1

BCH/USD 1

XBT/CAD 1

XBT/EUR 1

XBT/JPY 0

XBT/USD 1

DASH/XBT 5

DASH/EUR 2

DASH/USD 2

DOGE/XBT 8

EOS/XBT 7

EOS/ETH 6

ETC/XBT 6

ETC/ETH 5

ETC/EUR 3

ETC/USD 3

ETH/XBT 5

ETH/CAD 2

ETH/EUR 2

ETH/JPY 0

ETH/USD 2

GNO/XBT 5

GNO/ETH 4

ICN/XBT 7

ICN/ETH 6

LTC/XBT 6

LTC/EUR 2

LTC/USD 2

MLN/XBT 6

MLN/ETH 5

REP/XBT 6

REP/ETH 5

REP/EUR 3

USDT/USD 4

XLM/XBT 8

XMR/XBT 6

XMR/EUR 2

XMR/USD 2

XRP/XBT 8

XRP/EUR 5

XRP/USD 5

ZEC/XBT 5

ZEC/EUR 2

ZEC/USD 2