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Cryptocurrency exchange Binance has added new USD Coin (USDC) trading pairs to broaden user options in margin trading. This development includes both cross and isolated margin transactions. Users can now trade ACT/USDC, NEIRO/USDC, and PNUT/USDC trading pairs. Binance aims to facilitate portfolio diversification and more flexible trading strategies for its users.
New Trading Pairs for Cross and Isolated Margin Transactions
Binance Margin has announced the addition of three new USDC trading pairs for both cross and isolated margin trading. The trading pairs ACT/USDC, NEIRO/USDC, and PNUT/USDC are included in cross margin transactions, as well as in isolated margin options.
Binance officials stated that such innovations aim to increase trading volume on the platform and enhance the user experience. They also noted that this update would allow for different trading strategies, thereby increasing users’ portfolio diversity.
More Flexibility for Users
By continually improving margin trading, Binance seeks to offer greater flexibility to its users. The exchange revealed that the new trading pairs would enable traders to operate across a broader range of assets. Additionally, Binance regularly updates its “Margin Data” page, which includes the collateral ratios and limits for all margin-eligible assets, allowing users to access the latest information.
This initiative by Binance demonstrates its commitment to quickly adapt to the dynamic nature of the market. It was emphasized that users could reassess their strategies by evaluating the new trading pairs on the platform. Binance highlighted its intention to continue such updates to enhance the investment experience for its users.
