Binance Reveal Major Updates On XRP, LTC, & Others, What’s Next?
Highlights
- Binance updates leverage and margin tiers for XRP, MEW, and others.
- The exchange also introduces new trading bots for Litecoin, Sonic, and Trump.
- XRP price records a slight recovery after the Binance announcement.
- Litecoin price jumps 3.55% after Binance reveals new trading bots.
The leading crypto exchange Binance, has unveiled significant updates affecting multiple perpetual contracts, including XRP, NEAR, MEW, and others. Besides, the exchange has also introduced new trading bot services for select spot trading pairs including Litecoin (LTC), TRUMP, and Sonic (S). The developments have caught the eyes of investors, as these updates often impact trading strategies and market sentiment.
Binance Adjusts Leverage And Margin Tiers For XRP, MEW, & Others
Binance Futures has revised the leverage and margin tiers for several USDⓈ-M perpetual contracts. This update, effective from February 5, 2025, affects key trading pairs such as XRPUSDC, NEARUSDT, MEWUSDT, and RUNEUSDT. The exchange confirmed that existing positions opened before the update remain unchanged.
This move aligns with the crypto exchange’s efforts to refine risk management and trading efficiency. The exchange has previously implemented similar changes to maintain market stability. The full list of impacted trading pairs and updated tiers is available on Binance’s latest official blog post.
Binance Spot Reveals New Trading Bots For LTC, TRUMP, & SONIC
In a separate post, the exchange announced the launch of Spot Grid and Spot DCA trading bots for Litecoin, Sonic, and Trump to expand its automated trading options. The three new trading pairs are LTC/USDC, S/USDC, and TRUMP/USDC. These bots, set to go live on February 6, 2025, aim to enhance users’ trading experience by automating buy and sell strategies.
Meanwhile, this expansion highlights the exchange’s commitment to providing diverse trading tools, catering to both active traders and long-term investors. In addition, it also expects to impact the market sentiment, which in turn could also influence the performance of the tokens.
How’s XRP, LTC, & Others Are Performing?
Following this latest Binance announcement, XRP price recorded a slight recovery but traded in the red at $2.52. Its one-day trading volume fell 49% to $10.3 billion. Notably, the XRP price has witnessed a strong decline today after XRP Ledger faced downtime recently.
On the other hand, LTC price today jumped over 3.55% to $104.81 after the announcement. Notably, a recent Litecoin price analysis hints at a major breakout ahead citing the possible approval of the LTC ETF in the US.
Simultaneously, TRUMP price was up about 10% and exchanged hands at $18.63. Meanwhile, NEAR price also recorded a surge of around 1% to $3.44, with its trading volume falling 40% to $267 million.
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