Binance Adds New FDUSD, USDC, and USDT Pairs

Binance Margin has introduced new trading pairs involving FDUSD, USDC, and USDT on both Cross and Isolated Margin. This development looks to offer traders more diverse options and flexibility in managing their portfolios. The announcement comes shortly after Binance listed ZKsync (ZK) on its platform, expanding the range of assets available for trading.

Binance Margin’s Cross Margin now supports a range of new pairs, including 1000SATS/FDUSD, BB/FDUSD, BONK/FDUSD, ETHFI/USDC, FIRO/USDT, FLOKI/FDUSD, NOT/FDUSD, PEOPLE/FDUSD, W/FDUSD, WIF/FDUSD, and ZK/FDUSD. This expansion allows traders to leverage a broader array of assets, enhancing their ability to diversify and optimize their trading strategies. Cross Margin trading enables users to share their margin balance across multiple positions, offering greater flexibility and potentially lower margin requirements.

The addition of new pairs on Isolated Margin includes 1000SATS/FDUSD, BB/FDUSD, BONK/FDUSD, ETHFI/USDC, FLOKI/FDUSD, NOT/FDUSD, PEOPLE/FDUSD, W/FDUSD, WIF/FDUSD, and ZK/USDT. Isolated Margin trading allows users to limit their risk by isolating the margin for each trading pair, thus preventing the risk of liquidation spreading across multiple positions. This update caters to traders who prefer a more controlled risk management approach, providing them with more choices to fine-tune their trading tactics.

This update follows the recent listing of ZKsync (ZK) on Binance, with new spot trading pairs ZK/BTC, ZK/USDT, ZK/FDUSD, and ZK/TRY. Trading for these pairs began on June 17, 2024, with withdrawals available from June 18, 2024. ZKsync, an Ethereum Layer 2 scaling solution utilizing EVM-compatible ZK-SNARK roll-up technology, promises to improve transaction speeds and reduce costs on the Ethereum network. The inclusion of ZK/TRY highlights Binance’s commitment to offering diverse fiat and digital currency trading options.

For traders interested in the latest updates on marginable assets, specific limits, collateral ratios, and rates, Binance advises checking the Margin Data section. This continuous expansion of trading pairs underscores Binance Margin’s urge to providing a comprehensive and versatile trading experience.