Dogecoin, Cardano, And Chainlink Get Special Listing From Binance
December 25 2023 - 5:00PM
NEWSBTC
Binance is on the move once again with new special listings for
Dogecoin, Cardano, and Chainlink, among others. The exchange has
announced brand new crypto trading pairs for these cryptocurrencies
which would bring advantages to traders. Binance Adds New Dogecoin,
Cardano, And Chainlink Pairs In a new development that was revealed
on Christmas Day, the Binance crypto exchange has expanded its list
of pairs available for both Cross Margin and Isolated Margin users.
The announcement revealed that it will be adding 11 new pairs
across these two products. Related Reading: Machine Learning
Algorithm Predicts When Cardano Price Will Hit New $6.5 ATH The new
pairs are mainly denominated in the FDUSD pair, a stablecoin that
the exchange adopted after Paxos was ordered to stop issuing BUSD
tokens. The new pairs in the Cross Margin feature include “
ADA/FDUSD, AEUR/USDT, AVAX/FDUSD, DIA/USDT, DOGE/FDUSD, IOTX/ETH,
LINK/FDUSD, MATIC/FDUSD, OM/USDT, POLS/USDT.” Meanwhile, only a
single new pair was added to the Isolated Margin feature which is
IOTX/ETH. Binance’s move to add new trading pairs across these
products shows a move toward providing further liquidity for
traders. “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,” the
crypto exchange said in the announcement. The move comes only two
days after the exchange had announced the removal of multiple spot
trading pairs which affected the likes of Dogecoin, Cardano, and
Solana, among others. There were no specific reasons for the
removal, although the exchange explained that trading pairs can be
delisted due to multiple factors. DOGE price at $0.093 | Source:
DOGEUSD On Tradingview.com Crypto Exchanges Cleaning Up Shop In the
last week, there have been multiple instances of crypto exchanges
delisting cryptocurrency pairs from their platform. The most
prominent delistings for the week came from the Uphold exchange
which delisted a number of cryptocurrencies in an effort to keep up
with Canadian regulations. Related Reading: Shiba Inu Faces Make Or
A Point As Analyst Identifies Critical Trading Pattern As
Bitcoinist reported, Uphold emailed its customers in the region to
reveal that it will be desolating 10 Tier 3 cryptocurrencies from
the exchange. Those mentioned in the email included Dogecoin
(DOGE), Cardano (ADA), Shiba Inu (SHIB), XDC Network (XDC), Kaspa
(KAS), Hedera (HBAR), Stellar (XLM), VeChain (VET), Injective
(INJ), and Casper (CSPR). Additionally, the crypto exchange
revealed it will be delisting all Tier 4 cryptocurrencies as well.
However, unlike Binance’s delisting which only affected some pairs
of different cryptocurrencies, Uphold’s move is a total delisting.
“Maintaining a healthy ecosystem of digital assets for our
customers is one of our top priorities – occasionally delisting
assets forms part of this process,” the exchange said. Follow Best
Owie on X (formerly Twitter) for market insights, updates, and the
occasional funny tweet… Featured image from Binance, chart from
TradingView.com
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