Binance Expands Margin Trading Options with USDT Pairs Addition
CryptoNewsTerminal Staff04 Sep, 2024
Binance Expands Margin Trading Options with USDT Pairs Addition
Binance Enhances Margin Trading with USDT Pairs. Cryptocurrency exchange Binance has introduced USDT trading pairs to its margin trading platform, offering traders enhanced flexibility and options. The addition of USDT pairs to both cross margin and isolated margin trading allows users to trade a wider range of assets using USDT as collateral. The following trading pairs have been added to both cross margin and isolated margin: WLDUSDT MEWUSDT AVAXUSDT 1000BONKUSDT 1000SHIBUSDT SUIUSDT * BCHUSDT By incorporating USDT into its margin trading offerings, Binance aims to provide traders with greater flexibility and risk management capabilities. USDT, as a stablecoin pegged to the US dollar, offers a stable base currency against which to trade other cryptocurrencies, reducing the impact of market volatility on margin positions. Traders can now leverage the stability of USDT as collateral while accessing the potential returns of margin trading. This expansion aligns with Binance's commitment to continuously enhance its trading platform and meet the evolving needs of traders.
