Binance, the world’s largest cryptocurrency exchange, has expanded its margin trading offerings with the addition of six new trading pairs. The pairs include SOL/USDC, ARB/FDUSD, and DOCK/USDT as cross-margin pairs, and SOL/USDC, ARB/FDUSD, and OP/FDUSD as isolated margin pairs. Margin trading allows users to leverage loaned funds for trades, providing greater flexibility and diversification in their trading strategies.

The inclusion of a cryptocurrency in this program can potentially increase its liquidity and trading volume, leading to increased volatility. Solana (SOL), one of the newly added pairs, has experienced significant price fluctuations, with a 5% drop in the past 24 hours. However, this drop is likely due to a broader market correction that occurred on January 12.

This is not Binance’s first move to expand its offerings in 2024. Earlier in the year, the exchange added Monero (XMR), Zcash (ZEC), and other cryptocurrencies to its Monitoring Tag list. Cryptocurrencies on this list are subject to regular reviews, and failure to meet the necessary criteria could result in their delisting.

Additionally, Binance has recently announced the removal of nine spot trading pairs, including LTC/UAH, FLOKI/TUSD, COS/BNB, COTI/BNB, MULTI/BTC, among others. The termination of these pairs took effect from January 12.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	Global
Countries
Sentiment	neutral
Relevance Score	1
People	None
Companies	Solana, Binance
Currencies	COTI, Solana, Bitcoin, Zcash, Arbitrum, Contentos, First Digital USD, uah, Tether, Dock, TrueUSD, Monero, Multichain, FLOKI, USDC, Litecoin, BNB
Securities	None