Binance Introduces New Trading Pairs for Dogecoin, Cardano, and Chainlink
In a recent announcement, Binance revealed that it has expanded its list of trading pairs for both Cross Margin and Isolated Margin users. The exchange will be adding 11 new pairs across these two products, with most of them denominated in the FDUSD pair. The new pairs include ADA/FDUSD, AEUR/USDT, AVAX/FDUSD, DIA/USDT, DOGE/FDUSD, IOTX/ETH, LINK/FDUSD, MATIC/FDUSD, OM/USDT, and POLS/USDT. Additionally, one new pair (IOTX/ETH) was added to the Isolated Margin feature.
This move by Binance aims to provide more liquidity options for traders and enhance their trading experience. The exchange is continuously expanding its list of trading choices to offer greater diversification and flexibility in trading strategies.
Crypto Exchanges Delisting Cryptocurrency Pairs
Several crypto exchanges have been delisting cryptocurrency pairs from their platforms recently. Uphold is one such exchange that delisted multiple cryptocurrencies in order to comply with Canadian regulations. It emailed its customers about the desolation of 10 Tier 3 cryptocurrencies, including Dogecoin (DOGE), Cardano (ADA), Shiba Inu (SHIB), XDC Network (XDC), Kaspa (KAS), Hedera (HBAR), Stellar (XLM), VeChain (VET), Injective (INJ), and Casper (CSPR). Uphold’s move involves a total delisting of these assets.
Unlike Binance’s selective delisting of certain trading pairs, Uphold’s decision is part of its process to maintain a healthy ecosystem of digital assets for its customers.
Hot Take: Binance Expands Trading Options While Exchanges Delist Cryptocurrencies
Binance continues to cater to traders’ needs by introducing new trading pairs for popular cryptocurrencies like Dogecoin, Cardano, and Chainlink. This expansion provides traders with more liquidity options and enhances their trading experience on the platform. On the other hand, several crypto exchanges, including Uphold, have been delisting cryptocurrency pairs due to regulatory compliance or other factors. Uphold’s recent delisting of multiple cryptocurrencies reflects its commitment to maintaining a healthy ecosystem for its customers. These developments highlight the dynamic nature of the crypto market, with exchanges constantly adapting their offerings to meet regulatory requirements and user demands.