In a notable move, Binance, the world’s largest cryptocurrency exchange, announced on Monday its plans to introduce several cryptocurrencies on Binance Margin. The exchange is set to expand its margin trading pairs, including major cryptocurrencies such as Cardano (ADA), Avalanche (AVAX), Dogecoin (DOGE), Chainlink (LINK), and Polygon (MATIC). The introduction of these new cross and isolated margin trading pairs is effective immediately, providing users with additional trading options.
Binance has incorporated ADA, AVAX, DOGE, LINK, and MATIC into FDUSD pairs, strategically enhancing liquidity and meeting the rising demand within the crypto market. The newly 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, an isolated margin pair, IOTX/ETH, has been added to the exchange’s offerings.
In an official statement, Binance emphasized its commitment to improving the user trading experience by consistently expanding the range of trading options available on the platform. This initiative aims to provide users with increased portfolio diversification and greater flexibility in implementing trading strategies.
CoinGape previously reported that Binance is set to delist spot pairs including ADA/GBP, BNB/GBP, BTC/GBP, DOGE/GBP, ETH/GBP, GBP/USDT, LINK/GBP, LTC/GBP, MATIC/GBP, SOL/GBP, and XRP/GBP by December 29.
Examining the current price action in the market, ADA experienced a 3% surge from a 24-hour low of $0.591, currently trading at $0.608. The 24-hour trading volume saw a notable 30% increase, indicating heightened trading interest.
In contrast, DOGE witnessed a 1% decline, settling at $0.0928, maintaining a sideways trading pattern over the past few days. The 24-hour low and high were recorded at $0.0913 and $0.0948, respectively. Despite this, DOGE displayed an uptick in trading volume over the last 24 hours.
Simultaneously, AVAX and LINK prices observed a 1% increase, while MATIC experienced a notable 4% surge in the last 24 hours.
