New margin trading pairs of been announced by the Binance crypto exchange platform, including pairs links to Cardano (ADA), Dogecoin (DOGE), Avalanche (AVAX), and Polygon (MATIC), among others. Binance is the world’s largest crypto exchange, and this Monday listed several crypto on its margin additionally, it plans to add other margin trading pairs for major crypto assets.
This New Cross spares, as well as the margin trading pairs that have been isolated or not available for trading on the platform.
On December 25th, Binance crypto exchange and nouns it’s the new revealed of new isolated margin trading pairs, and this move comes in as major crypto plays increasing liquidity for crypto assets in matching their growing demand, especially for digital assets like Dogecoin (DOGE), Avalanche (AVAX), Cardano (ADA), Polygon (MATIC) and this has been witnessed for the FDUSD currency pair.
Binance pair listing
These pairs offer various advantages to their users in cross-margin trading. Among the listed pairs include ADA/FDUSD, AEUR/USDT, AVAX/FDUSD, DIA/USDT, DOGE/FDUSD, IOTX/ETH, LINK/FDUSD, MATIC/FDUSD, OM/USDT, and POLS/USDT. The exchanges will also add an Ethereum pair, which includes the IOTX/ETH pair.
In their announcement, Binance read:
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 strategies.
Binance
In another report, it was reported that Binance intends to remove various currency pairs of the month ending 29 December 2023. Among the pairs that will be removed include ADA/GBP, BNB/GBP, BTC/GBP, DOGE/GBP, ETH/GBP, GBP/USDT, LINK/GBP, LTC/GBP, MATIC/GBP, SOL/GBP, and XRP/GBP.
Market analysis for altcoins
ADA market price action has seen an increase of 3% from the 24-hour low of $0.591. Cardano’s current market price stands at $0.613, Representing a 0. 81 percent increase In the past 24 hours. Its monthly gain stands at 56.6%, and its overall yearly trajectory is a 140.58% increase. However, its 24-hour trading volume has reduced by 4. 30%, standing at $705 million.
Dogecoin has shown a 0. 5% increase in its daily analysis in this currently tagged $0.09367. At 24. 6% increase, which means in its annual. Additionally, its 24-hour trading volume has dropped by 3.20%.
At the time of writing, AVAX stands at $47. 5 representing a 1. 7% decrease in its current market price on a daily analysis. However, it has recorded a significant monthly gain of 123. 26%. It’s early game stands at 308.67%. Its 24-hour trading volume records are 34. 32% decrease.
A 4% increase in daily analysis of Polygon Matic’s market price stands at $0.905. Its yearly gain ending December 2023 is tagged at 14.89%. Its trading volume also increased by 10.57% in the past 24 hours.
Major influences of these price rallies have been linked to various events that have happened in the year 2023 as well as the major currencies, including the BTC ETFs craze and the return of the bull market. Ethereum and Bitcoin are to face significant gains coming next year all this is based on ETF approvals that are set to Skyrocket this major currencies’ price action to the roof.
Disparaging the approval by the Securities and Exchange Commission will make it possible to invest directly in these major currencies without the need for intermediaries. Users can easily access currency prices, and this aids in trading as well as investing in cryptocurrencies. There is evidence that 2024 will be a good year for the cryptocurrency market, which is expected to witness a bull rally.
