Binance, the world’s largest cryptocurrency exchange, announced on Monday the addition of several cryptocurrencies to its margin trading platform. Among the major cryptocurrencies included in this expansion are Cardano (ADA), Avalanche (AVAX), Dogecoin (DOGE), Chainlink (LINK), and Polygon (MATIC). The introduction of new cross and isolated margin trading pairs took immediate effect.
Binance Expands Margin Trading with ADA, AVAX, DOGE, MATIC
In an official statement released on December 25, Binance unveiled a set of fresh cross and isolated margin trading pairs. This strategic move aims to boost liquidity in response to the rising demand for cryptocurrency trading. Binance’s selection includes prominent cryptocurrencies like Cardano (ADA), Avalanche (AVAX), Dogecoin (DOGE), Chainlink (LINK), and Polygon (MATIC), which are now available in FDUSD pairs, providing users with added benefits.
Notable additions to Binance’s 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 addition, the exchange has introduced the IOTX/ETH isolated margin pair.
Binance expressed its commitment to enhancing the user trading experience by continually assessing and expanding the array of trading options available on the platform. This approach aims to provide users with increased portfolio diversification and greater flexibility in executing trading strategies, according to a statement from Binance.
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Earlier reports indicated 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.
Crypto Price Movements
The price of ADA experienced a 3% surge from its 24-hour low of $0.591, with the current trading value standing at $0.608. Over the past 24 hours, the price fluctuated between $0.591 and $0.621, accompanied by a 30% increase in trading volume, indicating a notable uptick in trading interest.
Conversely, DOGE witnessed a 1% decline, reaching $0.0928, maintaining a mostly sideways trading pattern in recent days. The 24-hour range for DOGE is $0.0913 to $0.0948, with an observed increase in trading volume during this period.
Meanwhile, AVAX and LINK prices experienced a 1% uptick in the last 24 hours, whereas MATIC demonstrated a notable 4% surge during the same period.
