In a strategic move to meet the growing demand for diversified trading options, Binance, the world’s largest cryptocurrency exchange, announced the addition of new margin trading pairs in both Cross and Isolated Margin. The decision aims to increase the liquidity of major cryptocurrencies such as Cardano (ADA), Avalanche (AVAX), Dogecoin (DOGE), Chainlink (LINK) and Polygon (MATIC).
Binance announced its decision for DOGE and other coins
In Binance’s official announcement on December 25, it was emphasized that these important cryptocurrencies will be added to FDUSD pairs and will provide significant advantages to their users. Newly introduced margin trading pairs include ADA/FDUSD, AEUR/USDT, AVAX/FDUSD, DIA/USDT, DOGE/FDUSD, IOTX/ETH, LINK/FDUSD, MATIC/FDUSD, OM/USDT and POLS/USDT in the Cross Margin category. . Additionally, the exchange also introduced an Isolated Margin pair called IOTX/ETH.
The crypto exchange emphasized its commitment to improving user trading experiences by constantly reviewing and expanding the list of available trading options. This move provides users with greater portfolio diversification and flexibility in the implementation of trading strategies. As part of its ongoing adjustments, Binance recently announced ADA/GBP, BNB/GBP, BTC/GBP, DOGE/GBP, ETH/GBP, GBP/USDT, LINK/GBP, LTC/GBP, MATIC/GBP, SOL/GBP and It has lifted many spot pairs, including XRP/GBP. These changes will be implemented by December 29, in line with Binance’s dynamic approach to market demands.
What about price movements?
The market’s reaction to these developments was remarkable. The price of ADA rose from a 24-hour low of $0.591 to $0.608, an increase of 3%. Simultaneously, DOGE dropped marginally 1% to $0.0928 and has mostly moved sideways in recent days. AVAX and LINK prices have increased by 1% in the last 24 hours, while MATIC is up an impressive 4%. These price movements indicate a dynamic market with increasing trading volumes reflecting growing interest among investors.
Binance’s strategic addition of margin trading pairs reflects its proactive approach to meeting emerging market needs. By expanding its offerings, the exchange aims to empower users with a variety of trading options and further consolidate its leading position in the cryptocurrency space. As the crypto market continues to evolve, Binance’s commitment to improving user experiences and providing a wide range of trading options remains unchanged. Time will tell what moves Binance will make in the coming period. Don’t forget to follow us to learn about new announcements and statements of the leading cryptocurrency exchange!
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