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Binance Expands Margin Trading with New Altcoin Pairs

18.11.2024 17:00 1 min. read Alexander Stefanov
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Binance Expands Margin Trading with New Altcoin Pairs

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.

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

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