Binance, recognized as one of the main cryptocurrency exchange platforms worldwide, has announced the inclusion of several new trading pairs in its Cross Margin and Isolated Margin platforms.
This recent update aims to provide users with a wider range of investment options and trading opportunities.
New pairs added to the platform include the AMP/USDT pair within Cross Margin, as well as the ACA/USDT, GHST/USDT, GLM/USDT and VIDT/USDT pairs in the Isolated Margin category.
These additions are part of Binance’s strategy to improve its margin trading platform, offering users a greater variety of assets to diversify their portfolios and investment strategies.
Margin trading provides users with the ability to expand their trades by using borrowed funds, allowing them to increase their profit potential.
Also Binance Announces the Launch of the USDⓈ-M BEAMX Perpetual Contract
Scheduled for November 17, 2023, this inclusion enables traders with up to 50x leverage and round-the-clock trading using USDT for settlements.
The BEAMX perpetual contract is based on the underlying asset BEAM, with USDT (Tether) as the asset used to settle transactions.
This option allows traders to engage in trading without interruptions, reflecting the continuous and dynamic nature of the cryptocurrency market.
The inclusion of these new trading pairs on Binance allows investors to explore various trading strategies as well as take advantage of emerging opportunities in the cryptocurrency market.
Binance emphasizes the importance of users being fully informed about the specific limits and coverage rates associated with these collateralized assets.
The platform has ensured transparency by providing this detailed information in its Margin Data section, allowing investors to make informed and conscious decisions about their trades.
