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Binance Adds Key Margin Pairs for DOGE, SHIB, PEPE, BOME, SUI, WLD; Rally Ahead? – Crypto News

Published

1 year ago

March 27, 2024

Dripp

The world’s largest crypto exchange Binance on Friday said it is listing new borrowable and collateral assets on cross margin and new trading pairs on cross and isolated margin. Binance is adding new FDUSD, USDT, and USDC pairs for some top cryptocurrencies including Dogecoin (DOGE), Shiba Inu (SHIB), Chainlink (LINK), Pepe Coin (PEPE), Sui, Worldcoin (WLD), Book Of Meme (BOME), and Wrapped Bitcoin (WBTC).

Binance Margin Adds BOME, DOGE, PEPE, SHIB Meme Coins

In an official announcement on March 27, crypto exchange Binance revealed new trading pairs on Cross and Isolated Margin. The move is a significant development by the exchange to increase support for trending coins, while maintaining enough liquidity.

The new trading pairs in cross margin — BOME/FDUSD, DCR/USDT, DOGE/USDC, LINK/USDC, LTO/USDT, MLN/USDT, PEPE/FDUSD, PEPE/USDC, SHIB/USDC, SUI/USDC, WBTC/BTC, WBTC/USDT, and WLD/USDC.

The news trading pairs in isolated margin — BOME/FDUSD, DOGE/USDC, LINK/USDC, PEPE/FDUSD, PEPE/USDC, SHIB/USDC, SUI/USDC, and WLD/USDC.

Moreover, Binance Margin has added Decred (DCR), LTO Network (LTO), and Enzyme (MLN) as new borrowable assets. Moreover, DCR, LTO, MLN, WBTC are also added as new collateral assets.

“Binance Margin strives to enhance user trading experience by continuously reviewing and expanding the list of trading choices offered on the platform, allowing for greater diversification of user portfolios and flexibility with trading strategies,” said Binance.

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Prices to Rally?

Dogecoin and Shiba Inu prices have rallied 4% and 8% in the past 24 hours. DOGE price currently trades at $0.187 with a 25% increase in trading volume. Meanwhile, SHIB price is changing hands at $0.00003127 backed by a 45% jump in trading volume. Whales are actively buying the two largest meme coins amid the bull market, giving both DOGE and SHIB a monthly rise of over 100% and 200%, respectively.

Meanwhile, SUI price has jumped 15% in the past 24 hours, with the price currently trading at $2.06. The 24-hour low and high are $1.74 and $2.06, respectively. Furthermore, the trading volume has increased by 140% in the last 24 hours, indicating a rise in interest among traders.

PEPE, BOME, WLD, and LINK prices are trading down 1%, 7%, 6%, and 1% respectively in the last 24 hours. However, futures traders are buying these cryptocurrencies in the last 1 hour, as per data by CoinGlass. This indicates crypto prices can rebound today, with a rise in trading volumes confirming altcoin market recovery.

Also Read: Bitcoin (BTC) Price Rally Ahead As Sell-Side Liquidity Drops