Binance is once again making progress by introducing special listings for cryptocurrencies like Dogecoin, Cardano, and Chainlink. The exchange has recently announced new trading pairs for these digital assets, providing traders with significant advantages.
On Christmas Day, the Binance cryptocurrency exchange announced an expansion of its available pairs for both Cross Margin and Isolated Margin users. The exchange will be introducing 11 new pairs across these two products.
The majority of the new pairs are based on the FDUSD pair, which is a stablecoin adopted by the exchange following Paxos' directive to halt the issuance of 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.
By adding new trading pairs across these products, Binance aims to enhance liquidity and provide more options 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.
Interestingly, this move by Binance comes just two days after the exchange announced the removal of several spot trading pairs, impacting popular cryptocurrencies like Dogecoin, Cardano, Solana, and others. While Binance did not provide specific reasons for the removal, they did mention that trading pairs can be delisted for various factors.
DOGE price at $0.093 | Source: DOGEUSD On Tradingview.com
Recently, several crypto exchanges have removed specific cryptocurrency pairs from their trading platform. During the past week, Uphold exchange made significant delistings of multiple cryptocurrencies as a response to comply with Canadian regulations.
According to a report by Bitcoinist, Uphold informed its customers in the region via email that it would be removing 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.
In contrast to Binance's partial delisting of specific cryptocurrency pairs, Uphold's decision involves a complete delisting of the affected cryptocurrencies. "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.
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