Binance Expands Margin Trading with New Altcoin Pairs
18.11.2024 17:00 1 min. read Alexander Stefanov
Binance has expanded its margin trading offerings by introducing three new USDC trading pairs featuring trending memecoins.
The meme coins in question are ACT I: The AI Prophecy (ACT), Peanut the Squirrel (PNUT), and First Neiro On Ethereum (NEIRO).
This move, announced on November 18, allows users to engage in both cross-margin and isolated-margin trading, further diversifying the platform’s portfolio.
These pairs—ACT/USDC, PNUT/USDC, and NEIRO/USDC—were initially listed on Binance’s spot market just days earlier. The inclusion of these tokens comes amidst significant price fluctuations and growing interest in meme coins.
ACT has surged over 2,200% in the last month, trading at $0.63 with a 24-hour volume of $372 million. PNUT, gaining a staggering 3,000% in the same period, is priced at $1.67, while NEIRO, which saw a steadier rise of 7.6%, currently trades at $0.0021.
The addition of these volatile assets to Binance Margin could attract traders seeking high-risk, high-reward opportunities, further fueling the ongoing meme coin frenzy.
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