Binance Introduces New Margin Pairs for SOL, NFP, and SEI
In a recent announcement, Binance, the world’s largest crypto exchange, stated that it will be adding new borrowable assets and trading pairs on cross margin and isolated margin. Some of the popular cryptocurrencies like Solana (SOL), BNB, NFPrompt (NFP), and SEI will now be available for margin trading on the platform.
Expansion of Margin Pairs on Binance
Binance has introduced new cross margin pairs and isolated margin pairs. The exchange has added NFPrompt (NFP) and Enzyme (MLN) as new borrowable assets on both cross and isolated margins. Additionally, Binance has expanded USDC support by including the BNB/USDC pair on cross and isolated margins. Other new margin pairs include NFP/USDT, SOL/ETH, MLN/USDT, NFP/USDT, and SEI/TUSD.
Updates to Coin-Margined Futures Liquidity Provider Program
Binance has also announced an update to its Coin-Margined Futures Liquidity Provider Program starting from January 22. Users who meet the new standards will receive maker fee rebates starting from January 30 at 04:00 (UTC).
Hot Take: Market Performance of SOL, BNB, and SEI
The price of SOL has experienced a 6% decline in the last 24 hours and is currently trading at $107.91. Its 24-hour low and high stand at $106.39 and $116.88 respectively. Meanwhile, BNB is trading sideways at $318, while SEI has fallen by 3% to $0.731 after a significant 60% rally in just one week.
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