Binance has exciting news for crypto enthusiasts, introducing fresh margin trading options for various cryptocurrencies. Among them are popular coins like Cardano (ADA), Avalanche (AVAX), Dogecoin (DOGE), Polygon (MATIC), and several others.
This expansion opens up new possibilities for traders looking to engage in margin trading with a diverse range of digital assets on the Binance platform.
On Monday, Binance, the biggest cryptocurrency exchange globally, made an announcement about adding more cryptocurrencies to its Binance Margin. This includes popular ones like Cardano (ADA), Avalanche (AVAX), Dogecoin (DOGE), Chainlink (LINK), and Polygon (MATIC).
These new trading pairs for both cross and isolated margin trading are now ready for immediate trading on the platform, offering users more options for engaging in margin trading with these major cryptocurrencies.
Binance Expands Margin Pairs and Removes GBP Spots
In an official announcement on December 25, cryptocurrency exchange Binance unveiled a new set of cross and isolated margin trading pairs as part of its ongoing efforts to enhance liquidity and meet increasing demand. The addition of major cryptocurrencies such as Cardano (ADA), Avalanche (AVAX), Dogecoin (DOGE), Chainlink (LINK), and Polygon (MATIC) in FDUSD pairs aims to provide advantages to Binance users.
The listed cross margin pairs include ADA/FDUSD, AEUR/USDT, AVAX/FDUSD, DIA/USDT, DOGE/FDUSD, IOTX/ETH, LINK/FDUSD, MATIC/FDUSD, OM/USDT, and POLS/USDT. Additionally, Binance introduced the IOTX/ETH isolated margin pair.
Binance emphasized its commitment to enhancing the user trading experience by continually reviewing and expanding the available trading choices on the platform. This approach allows users to diversify their portfolios and adopt flexible trading strategies.
It’s worth noting that Binance is set to remove several spot trading pairs against GBP by December 29, including ADA/GBP, BNB/GBP, BTC/GBP, DOGE/GBP, ETH/GBP, GBP/USDT, LINK/GBP, LTC/GBP, MATIC/GBP, SOL/GBP, and XRP/GBP.
Cryptocurrency Price Movements: ADA, DOGE, AVAX, LINK, and MATIC
ADA (Cardano): The ADA price has experienced a 3% surge from its 24-hour low of $0.591, currently trading at $0.608, with a 24-hour high of $0.621. Notably, the trading volume has seen a significant 30% increase in the last 24 hours, indicating a heightened interest in trading.
DOGE (Dogecoin): On the other hand, DOGE’s price has seen a 1% decline, settling at $0.0928, and has largely been trading sideways in recent days. The 24-hour low and high stand at $0.0913 and $0.0948, respectively. Despite the slight dip in price, DOGE has witnessed an uptick in trading volume over the last 24 hours.
AVAX (Avalanche), LINK (Chainlink), and MATIC (Polygon): AVAX and LINK prices have both witnessed a 1% increase in the last 24 hours, while MATIC has experienced a more significant surge, soaring by 4%. These movements highlight the dynamic nature of cryptocurrency markets, with each coin demonstrating unique price trends in the given timeframe.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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