January 18 Important Binance Update Regarding dogecoin (DOGE)
TL;DR
- binance introduces a new USDC margin DOGE perpetual contract with advanced trading features.
- The exchange continues to adjust its offerings with numerous changes implemented since the beginning of 2024.
The world’s leading cryptocurrency exchange – Binance – wants to expand We have created the list of services on Binance Futures by launching the USDC margin DOGE perpetual contract. The change will go into effect on January 18 and will allow trading with up to 75x leverage.
This option will enable Multi-Asset Mode, which allows clients to use multiple cryptocurrencies as margin, including Bitcoin (BTC).
The company will also offer users a 10% promotional fee discount on all transactions in USDC-collateralized futures contracts until April 3, 2024.
Additional support from a crypto giant like Binance can increase the liquidity and reliability of the relevant digital asset, thus increasing investor confidence.
However, DOGE experienced little to no volatility following the announcement, trading at around $0.08 (according to CoinGecko data).
This is not the first move the stock market has made since the beginning of 2024. On January 4, transferred Add Monero (XMR), zcash (ZEC) and other cryptocurrencies to the Tracking Tag list, where they will be subject to regular reviews.
A few days later the company Additional SOL/USDC, ARB/FDUSD and DOCK/USDT as crossed margin pairs and SOL/USDC, ARB/FDUSD and OP/FDUSD as isolated margin pairs.
lately this announced The removal of four spot trading pairs (DAR/BNB, DEXE/ETH, ID/BNB and POLS/BTC) and the changes come into effect on January 19.
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