Binance Enhances Margin Trading Options with Addition of USDC Pairs

IconCryptoNewsTerminal Staff29 Aug, 2024

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Binance Enhances Margin Trading Options with Addition of USDC Pairs

Binance, the leading cryptocurrency exchange, has announced the expansion of its margin trading offerings with the addition of USDC trading pairs. This move further enhances the flexibility and accessibility of margin trading for its users. Traders can now leverage the benefits of margin trading with USDC, a stablecoin pegged to the US dollar, to take advantage of market opportunities. The newly added trading pairs include: - Cross Margin: ALGO/USDC, APT/USDC, ARKM/USDC, BLUR/USDC, DOGS/USDC, JUP/USDC, ONT/USDC, RARE/USDC, REZ/USDC, TNSR/USDC, and TON/USDC - Isolated Margin: ALGO/USDC, APT/USDC, ARKM/USDC, BLUR/USDC, DOGS/USDC, JUP/USDC, ONT/USDC, RARE/USDC, REZ/USDC, TNSR/USDC, and TON/USDC Margin trading allows traders to borrow funds to increase their potential profits, but it also carries higher risks. Traders should carefully consider their risk tolerance and trade responsibly.

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