Important Binance Updates for Many Altcoin Investors
TL;DR
- binance has expanded its margin program with new isolated and cross margin options.
- The exchange also removes certain pairs due to underperformance as part of its regular updates and reviews to maintain trading quality and volume.
The world’s largest cryptocurrency exchange augmented The number of trading pairs offered in the margin program. SHIB/FDUSD, DOT/FDUSD, WLD/FDUSD, LDO/FDUSD, near/FDUSD and TIA/FDUSD have been added as new isolated margin pairs, while ADX/USDT and IQ/USDT have entered the new cross margin section.
Also list of trading options on Binance Spot I witnessed adding the following pairs: CKB/TRY, coti/TRY, LDO/TRY and UNI/USDC. The majority of these focus on the Turkish lira, allowing Turks to dive deeper into the cryptocurrency industry.
Locals have shown a huge appetite for digital assets over the past few years, likely due to the collapse of national currencies and the troubled state of the local financial sector.
Like CryptoPotato Lately reportedBitcoin (BTC) has reached an all-time high price in this Asian country (along with other countries) following skyrocketing inflation.
In addition to adding more trading pairs, Binance announced will discontinue some of those currently supported. ALPINE/EUR, GMT/BNB, LAZIO/EUR, POLS/BNB and PORTO/EUR will no longer be available to users as of March 1.
The company did not specify the exact reason for the move and reminded that it conducts “periodic reviews” and delists pairs due to many factors such as poor liquidity and trading volume.
Binance has made several similar updates since the beginning of the year. Earlier this month, Monero (XMR), aragon (ANT), Multichain (MULTI) and Vai (VAI) ceased services, triggering a price correction for the affected assets.
Days later the company Additional ADA/USDC, AVAX/USDC, MATIC/USDC and XRP/USDC as new cross margin pairs and AC Milan Fan Token (ACM), FIO Protocol (FIO) and IQ (IQ) margin as new cross and isolated loanable assets.
SPECIAL OFFER (Sponsored)
Binance $100 Free (Exclusive): Use this link to sign up and get $100 free and 10% discounted fee on Binance Futures for your first month (conditions).
#Important #Binance #Updates #Altcoin #Investors