Binance has added new USDC-backed margin pairs for CATI, HBAR, OM, FDUSD, RAY, and TAO, providing traders with more diversification and lower-risk trading opportunities. This strategy aims to increase trading volume against market volatility and improve traders’ trading experience.$RAY
With the newly added USDC-backed margin pairs, Binance aims to attract traders with safer trading options. The exchange recommends traders to follow these new margin pairs to get maximum benefits. This step can help these assets reach a wider audience by increasing trading volume.
HOW MANY,$CATI
fell 4% during the day to $ 0.5599, but increased 15% on a weekly basis. The trading range during the day varied between $ 0.5029 and $ 0.5947. On the other hand, Hedera (HBAR) fell 5% to $ 0.1445. HBAR, which increased weekly by 22%, recorded its low and high levels during the day as $ 0.1365 and $ 0.1529. According to CoinGlass data, HBAR futures positions decreased by 11%, which urges investors to be more careful.
MANTRA (OM)$OM
its price fell 11% to $3.68, while its weekly loss was the same. According to CoinGlass, OM’s futures positions decreased 7% to $192.19 million. RAY, on the other hand, increased 5% to $6.34, bringing its weekly gain to 13%. RAY’s futures positions remained stable. TAO lost 2% during the day, falling to $529, while its weekly gain was 7%. However, TAO’s futures open positions decreased 2% to $212.13 million.
Although the new margin pairs offered by Binance increase the variety in the market, price fluctuations are pushing investors to be cautious. It remains unclear how these moves, which create a positive atmosphere in the short term, will have long-term results. Investors continue to carefully monitor market movements and shape their strategies accordingly.