Binance Announces New Margin Pairs for Solana (SOL), BNB, NFP, SEI, and Other Cryptocurrencies
Cryptocurrency exchange Binance has expanded margin trading of popular cryptocurrencies such as Solana (SOL), BNB, NFPrompt (NFP), and SEI.
Binance, the world's largest cryptocurrency exchange, said on Wednesday that it will add new loanable assets as well as new trading pairs on cross margin and isolated margin. Binance plans to expand margin trading on some popular cryptocurrencies such as Solana (SOL), BNB, NFPrompt (NFP), and SEI. New margin pairs are immediately available for trading.
Binance adds SOL, NFP, SEI margin matching
Cryptocurrency exchange Binance revealed new cross margin pairs and isolated margin pairs in an official announcement on January 3. The cryptocurrency exchange has added NFPrompt (NFP) and Enzyme (MLN) as new loanable assets for cross margin and isolated margin.
Binance is also expanding USDC support on the platform by launching the BNB/USDC pair on cross margin and isolated margin. Other new cross margin pairs include NFP/USDT and SOL/ETH.
Additionally, new isolated margin pairs are MLN/USDT, NFP/USDT and SEI/TUSD.
Binance said: “Binance Margin is committed to enhancing the user trading experience by continuously reviewing and expanding the list of trading options available on the platform, allowing for greater diversification of users’ portfolios and flexibility in their trading strategies.”
Binance recently launched USDC spot trading pairs for cryptocurrencies such as ADA, ARB, AVAX, DOT, INJ, MATIC, OP, ORDI, SOL, and XRP.
CoinGape also earlier reported on Binance’s launch of USDC margined perpetual contracts trading for Bitcoin (BTC), Ethereum (ETH), BNB, Solana (SOL), and XRP. Users can start trading the new perpetual contract starting today, January 3, 2024 at 12:30 UTC.
Binance updates Coin-margined futures liquidity provider program
Binance Exchange also announced that it will update its coin-based futures liquidity provider program starting on January 22. Users who meet the new standards and are eligible for the program will receive rebates on pending order fees starting from 04:00 (UTC) on January 30.
SOL price has dropped 6% in the past 24 hours and is currently trading at $107.91. The 24-hour low and high were 106 respectively.$39 and $116.88.
Meanwhile, BNB is trading sideways at $318 and the SEI is down 3% at $0.731 after rising 60% in a week.
