In a significant move for the cryptocurrency market, Binance, the world’s largest crypto exchange, has announced the addition of several new trading pairs and the listing of multiple cryptocurrencies. This announcement, made on June 18, introduces new FDUSD, USDC, and USDT trading pairs on both cross margin and isolated margin platforms.
New Trading Pairs and Listings
Binance has added a range of new cryptocurrencies to its trading platform, including SATS (1000SATS), dogwifhat (WIF), Notcoin (NOT), Bonk (BONK), zkSync (ZK), and Floki (FLOKI). These new listings aim to enhance trading opportunities for users and diversify their investment portfolios.
The newly introduced cross margin trading pairs are:
1000SATS/FDUSD
BB/FDUSD
BONK/FDUSD
ETHFI/USDC
FIRO/USDT
FLOKI/FDUSD
NOT/FDUSD
PEOPLE/FDUSD
W/FDUSD
WIF/FDUSD
ZK/FDUSD
The new isolated margin trading pairs include:
1000SATS/FDUSD
BB/FDUSD
BONK/FDUSD
ETHFI/USDC
FLOKI/FDUSD
NOT/FDUSD
PEOPLE/FDUSD
W/FDUSD
WIF/FDUSD
ZK/USDT
Zero-Fee Trading and Enhanced User Experience
Binance has announced that users can enjoy zero-fee trading on FDUSD pairs, depending on their VIP levels. This initiative is part of Binance’s effort to enhance the trading experience by continuously reviewing and expanding the list of available trading options. This expansion allows users to diversify their portfolios further and adopt more flexible trading strategies.
“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 trading strategies,” stated Binance.
Market Impact on Listed Cryptos
The announcement has already had a notable impact on the prices of the newly listed cryptocurrencies. ZK, for instance, has seen a significant price drop of over 22% in the past 24 hours, with its current trading price at $0.2212. The token’s 24-hour low and high are recorded at $0.1904 and $0.3098, respectively. The price decline is partly attributed to the limited airdrops of the ZK token, which have received criticism from the crypto community.
Meme coins WIF, BONK, and FLOKI have also experienced price drops amid a broader market selloff. Solana-based meme coins BONK and WIF are trading at $0.0000212 and $2.10, down by 11% and 14%, respectively. FLOKI has fallen by 11%, with its current price at $0.0001688.
As the crypto market continues to evolve, Binance’s latest additions and strategic moves are set to provide traders with more options and potential for diversification. Users and investors will be closely monitoring the performance of these newly listed cryptocurrencies in the coming days.
Notice:
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