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.
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
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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