The world’s largest crypto exchange Binance on Monday said it is listing several crypto on Binance Margin. Binance plans to add new margin trading pairs for major crypto including Cardano (ADA), Avalanche (AVAX), Dogecoin (DOGE), Chainlink (LINK), and Polygon (MATIC). The new cross and isolated margin trading pairs are available for trading with immediate effect.
Binance Adds ADA, AVAX, DOGE, MATIC Margin Pairs
Crypto exchange Binance in an official announcement on December 25 revealed new cross and isolated margin trading pairs. The move comes amid efforts by the crypto exchange to increase liquidity amid growing demand by adding major crypto Cardano (ADA), Avalanche (AVAX), Dogecoin (DOGE), Chainlink (LINK), and Polygon (MATIC) in FDUSD pairs, offering advantages to its users.
Binance has listed ADA/FDUSD, AEUR/USDT, AVAX/FDUSD, DIA/USDT, DOGE/FDUSD, IOTX/ETH, LINK/FDUSD, MATIC/FDUSD, OM/USDT, and POLS/USDT cross margin pairs.
The exchange has also added IOTX/ETH isolated margin pair.
“Binance Margin strives to enhance user trading experience by continuously reviewing and expanding the list of trading choices offered on the platform, allowing for greater diversification of user portfolios and flexibility with trading strategies,” said Binance.
CoinGape earlier reported that Binance will remove ADA/GBP, BNB/GBP, BTC/GBP, DOGE/GBP, ETH/GBP, GBP/USDT, LINK/GBP, LTC/GBP, MATIC/GBP, SOL/GBP, and XRP/GBP spot pairs by December 29.
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Crypto Price Action
ADA price jumped 3% from a 24-hour low of $0.591, with the price currently trading at $0.608. The 24-hour is $0.621. Furthermore, the trading volume has increased by 30% in the last 24 hours, indicating a rise in trading interest.
DOGE price fell 1% to $0.0928, mostly trading sideways in the last few days. The 24-hour low and high are $0.0913 and $0.0948, respectively. It also recording a rise in trading volume in the last 24 hours.
Meanwhile, AVAX and LINK prices have pumped 1% in the last 24 hours, and MATIC soared 4%.
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