Binance Will List the Newly Released Coin for Solana on Margin!
The world's largest cryptocurrency exchange, Binance, will also add the altcoin it will list for Solana (SOL) to margin transactions.
Binance announced yesterday that it will list the new coin BNSOL, which represents the amount of staked SOL and the staking rewards received in a tradable and transferable form.
In parallel, the exchange announced today that it will start margin transactions for BNSOL as of 11:00 on October 14th.
According to the statement, Binance will provide BNSOL investors with the opportunity to perform isolated and cross margin trading in the Tether (USDT) pair. With the listing in question, investors will now be able to use the BNSOL/USDT trading pair in isolated and cross margin transactions.
Stay tuned for new information.
