Binance Adds Margin Trading Pairs For Top Crypto

Binance, the world’s leading crypto exchange, announced on Monday that it is adding new margin trading pairs for some of the most popular crypto in the market. The new pairs include Cardano (ADA), Avalanche (AVAX), Dogecoin (DOGE), Chainlink (LINK), and Polygon (MATIC), all paired with FDUSD, a stablecoin pegged to the US dollar.

The new cross and isolated margin trading pairs are available for trading immediately, according to Binance’s official announcement. The exchange said that the move is part of its efforts to enhance the user trading experience and provide more liquidity and flexibility for traders.

Binance has listed the following cross-margin pairs: ADA/FDUSD, AEUR/USDT, AVAX/FDUSD, DIA/USDT, DOGE/FDUSD, IOTX/ETH, LINK/FDUSD, MATIC/FDUSD, OM/USDT, and POLS/USDT. It has also added IOTX/ETH as an isolated margin pair.

AVAX & LINK Gain 1%: Binance Margin Pairs Boost Native Tokens

When news came out that Binance was adding margin trading pairs, the prices of these cryptos shot up. Of the major currencies, ADA (the native token of the Cardano blockchain) was up 3% in the last 24 hours to a high of $0.621 today. Currently, the token is trading at US $ 0.608, and its trade volume has zoomed by 30 %.

The meme-based crypto, DOGE, popular among its fans, dipped by 1 % to $0.0928 as it had been trading sideways for the past few days. The token’s 24-hour low and high are at $0.0913 and $0. In the last 24 hours, trading volume also increased.

The native tokens of the Avalanche and Chainlink platforms, respectively AVAX and LINK, also added 1 % in the last day; MATIC, from rival Polygon’s network base, soared by an even higher rate than Ethereum. Cryptos for scalability, interoperability, and smart contracts These cryptos have been doing well over the past month.

These new margin trading pairs should attract more traders and investors to the crypto. They will undoubtedly provide greater leverage, although not necessarily a direct boost in terms of exposure.

Another popular feature is Binance Margin, where users can borrow money from the platform to trade with up to 10x leverage. However, higher risks are also involved in margin trading, and careful risk management must be observed.

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Furthermore, the author’s views are for reference only and shall not constitute investment advice. Before purchasing, please ensure you fully understand and assess the products and associated risks.

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