Binance releases important updates affecting Shiba Inu (SHIB) and Bonk Inu (BONK) traders
Binance, the world’s largest cryptocurrency exchange by trading volume, has announced plans to reduce minimum order sizes for multiple spot and margin trading pairs, including SHIB/USDT, SHIB/EUR, BONK/USDT, and more. These changes will be announced soon. Effective December 22.
For trading pairs such as SHIB/USDT, the minimum order size will be reduced from 5 USDT to 1 USDT. This update will not affect existing spot or margin orders.
Following the announcement, Solana-based memecoin BONK gained 6% in 24 hours, briefly pushing the market cap to over $1.2 billion.
Binance, the world’s largest cryptocurrency exchange by trading volume, has announced an important revision to its platform involving memecoin traders.
Specifically, the market promises lower minimum order sizes for multiple spot and margin trading pairs, such as SHIB/USDT, SHIB/EUR, BONK/USDT, BONK/FDUSD, PEPE/USDT, FLOKI/USDT, and more.
For example, in the case of SHIB/USDT, the updated minimum order size will be reduced from the previous 5 USDT to 1 USDT.
The changes are scheduled to take effect on December 22, and Binance explained that the update will not affect existing spot or margin orders.
While SHIB and PEPE did not record any substantial price movements in the short time following the announcement, the same was not the case for BONK.
The Solana memecoin gained 6% in the past 24 hours, while its market capitalization briefly surpassed $1.2 billion.
BONK has surged nearly 350% in the past 30 days, and its valuation could soar as Binance and Coinbase add the asset to their platforms.
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