Binance is once again on the move with new special listings for Dogecoin, Cardano, Chainlink, and more. The exchange has announced new cryptocurrency trading pairs for these cryptocurrencies that will provide advantages to traders.
Binance Adds New Dogecoin, Cardano, and Chainlink Pairs
In a new development revealed on Christmas, the Binance cryptocurrency exchange has expanded the list of pairs available to both cross-margin and isolated-margin users. The announcement reveals that they will be adding 11 new pairs across these two products.
The new pairs are primarily represented by the FDUSD pair, a stablecoin adopted by the exchange after Paxos was ordered to stop issuing BUSD tokens. New pairs in the cross margin feature include “ADA/FDUSD, AEUR/USDT, AVAX/FDUSD, DIA/USDT, DOGE/FDUSD, IOTX/ETH, LINK/FDUSD, MATIC/FDUSD, OM/USDT, POLS/USDT . ” Meanwhile, only one new pair has been added to the Isolated Margin feature, which is IOTX/ETH.
Binance’s move to add new trading pairs across these products demonstrates its move to provide more liquidity to traders. “Binance Margin strives to enhance the user trading experience by continuously reviewing and expanding the list of trading selections available on the platform, further diversifying user portfolios and providing flexibility in trading strategies,” the cryptocurrency exchange said in a statement. “It was revealed.
The move comes two days after the exchange announced the removal of several spot trading pairs affecting Dogecoin, Cardano, Solana, and others. The exchange explained that a trading pair could be delisted due to a number of factors, but did not provide a specific reason for the delisting.
DOGE price at $0.093 | Source: DOGEUSD On Tradingview.com
Cryptocurrency Exchange Cleaning Store
The past week has seen several instances of cryptocurrency exchanges delisting cryptocurrency pairs from their platforms. The most notable delisting this week came from the Uphold exchange, which delisted a number of cryptocurrencies in an effort to comply with Canadian regulations.
As Bitcoinist reported, Uphold sent an email to customers in the region saying it would be dethroning 10 Tier 3 cryptocurrencies on the exchange. Those mentioned in the email include Dogecoin (DOGE), Cardano (ADA), Shiba Inu (SHIB), XDC Network (XDC), Kaspa (KAS), Hedera (HBAR), Stellar (XLM), VeChain (VET), and Injective ( INJ ), Casper (CSPR), etc. The cryptocurrency exchange also stated that it would delist all Tier 4 cryptocurrencies as well.
However, unlike Binance’s delisting, which only affected a few pairs of different cryptocurrencies, Uphold’s move is a complete delisting. “Maintaining a healthy digital asset ecosystem for our customers is one of our top priorities. Sometimes asset delisting forms part of this process,” the exchange said.
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Source: NewsBTC.com