HomeNewsBinance Expands Margin Trading with New Leverage Options for USDC Pairs

Binance Expands Margin Trading with New Leverage Options for USDC Pairs

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  • Binance introduces leveraged trading options for four new stocks using USDC pairs in its margin trading service.
  • The stocks include Artificial Superintelligence Alliance Price (FET), FLOKI, NOT, and LayerZero (ZRO), utilizing both Cross Margin and Separate Margin methods.

Binance, a leading global cryptocurrency exchange, has announced an expansion of its margin trading offerings by introducing leveraged trading markets for four innovative stocks, all paired with the US-dollar pegged stablecoin, USDC. This update, effective from July 9, 2024, marks a significant enhancement in the trading capabilities available to Binance’s users.

Exploring the New Offerings

The newly targeted stocks are FET, FLOKI, NOT, and ZRO. These pairs will be available under both “Cross Margin” and “Separate Margin” trading methods. In margin trading, leveraging enables traders to borrow money against their current holdings to trade larger amounts than they could with their capital alone. The use of USDC as a stablecoin is crucial as it aims to maintain a constant value equal to the US dollar, thus mitigating the volatility commonly associated with cryptocurrencies.

Cross Margin allows for higher capital efficiency by using all positions within a single margin account. This method, while efficient, does not permit the diversification of risk across different trades. Separate Margin, on the other hand, allocates a distinct margin to each position, enabling more tailored risk management strategies for traders.

Spotlight on the New Stocks

The Artificial Superintelligence Alliance Price (FET), previously known as Fetch.ai, has recently been renamed following the merger of Fetch.ai, SingularityNET (AGIX), and Ocean Protocol (OCEAN). This cryptocurrency aims to integrate the capabilities of AGIX and OCEAN gradually.

FLOKI, a prominent meme coin within the Ethereum ecosystem, continues to capture the interest of the crypto community with its unique branding and market positioning. NOT, representing a virtual currency from the popular Telegram-based mini-game Notcoin, highlights the intersection of social media and cryptocurrency. Lastly, LayerZero (ZRO) stands out as a cross-chain protocol, emphasizing the ongoing push towards interoperability within blockchain networks.

Binance’s addition of these USDC pairs underscores the platform’s commitment to broadening its financial instruments, catering to a diverse range of trading preferences and enhancing the overall liquidity of the involved assets. This development not only provides traders with more options but also reflects the evolving landscape of cryptocurrency trading, where stability and innovation play critical roles.

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AnnJoy Makena
AnnJoy Makenahttps://www.ethnews.com
Annjoy Makena is an accomplished and passionate writer who specializes in the fascinating world of cryptocurrencies. With a profound understanding of blockchain technology and its implications, she is dedicated to demystifying complex concepts and delivering valuable insights to her readers. Business Email: [email protected] Phone: +49 160 92211628