Binance Announces New Solana (SOL), BNB, NFP, SEI & Other Crypto Margin Pairs

The world’s largest crypto exchange Binance on Wednesday said it will add new borrowable assets and new trading pairs on cross margin and isolated margin. Binance plans to expand margin trading for some trending crypto such as Solana (SOL), BNB, NFPrompt (NFP), and SEI. The new margin pairs are available for trading with immediate effect.

Binance Adds SOL, NFP, SEI Margin Pairs Among Others

Crypto exchange Binance in an official announcement on Jan 3 revealed new cross margin pairs and isolated margin pairs. The crypto exchange added NFPrompt (NFP) and Enzyme (MLN) as new borrowable assets on cross and isolated margin.

Binance also expanding USDC support on the platform by announcing BNB/USDC pair on cross and isolated margins. Other new cross margin pairs are NFP/USDT and SOL/ETH.

In addition, new isolated margin pairs are MLN/USDT, NFP/USDT, and SEI/TUSD.

“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.

Binance recently announced USDC spot trading pairs for crypto such as ADA, ARB, AVAX, DOT, INJ, MATIC, OP, ORDI, SOL, and XRP.

CoinGape also reported earlier about USDC-margined perpetual contacts trading for Bitcoin (BTC), Ethereum (ETH), BNB, Solana (SOL), and XRP launched by Binance. Users can trade the new perpetuals starting today at 12:30 UTC on January 3, 2024.

Also Read: Solana Co-Founder Applauds Solscan Development Amid Etherscan Acquisition News

Binance Updates Coin-Margined Futures Liquidity Provider Program

Crypto exchange Binance also announced that it will update the Coin-Margined Futures Liquidity Provider Program from January 22. Users who qualify for the program by meeting the new standards will get maker fee rebates from January 30 at 04:00 (UTC).

SOL price fell 6% in the last 24 hours, with the price currently trading at $107.91. The 24-hour low and high are $106.39 and $116.88, respectively.

Meanwhile, BNB trades sideways at $318, and SEI fell 3% to $0.731 after a 60% rally in a week.

Also Read: Crypto In Crosshairs As EU Regulators To Probe Banks-NBFIs Links

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Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.