Binance Will List These 7 Altcoins in New Trading Parity!

Binance, Bu 7 Altcoin’i Yeni İşlem Paritesinde Listeleyecek!
Binance, Bu 7 Altcoin’i Yeni İşlem Paritesinde Listeleyecek!

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Binance, the world’s largest cryptocurrency exchange, has announced plans to introduce new FDUSD trading pairs for both cross-margin and isolated margin trading. In this regard, the exchange will add new pairs for 7 altcoins, including ETHFI. This announcement has sparked interest in the crypto community, with many speculating about potential price spikes for these tokens following the FDUSD listing.

Binance lists 7 new trading pairs

As you have been following on, Binance continues to make updates to its lists. In its official announcement, Binance outlined the features of the new FDUSD cross and isolated margin trading pairs. Users can now trade FDUSD pairs for Memecoin, ETHFI, Pyth, Bittensor, Altlayer, Tensor, and IO. The new trading pairs are the same for both cross margin and isolated margin trading: ALT/FDUSD, ETHFI/FDUSD, IO/FDUSD, MEME/FDUSD, PYTH/FDUSD, TNSR/FDUSD and TAO/FDUSD.

As an added incentive, Binance is offering zero-fee trading on FDUSD pairs with strict terms depending on users’ VIP levels. The exchange stated that the move aims to enhance the user trading experience by expanding trading options, allowing for greater portfolio diversification and more flexible trading strategies.

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Market impact and price movements

The announcement coincided with positive price action for listed tokens. In the 24 hours following the news, these cryptocurrencies gained between 1% and 6%. Memecoin (MEME) traded at $0.01978, up 4.97% on $34.1M 24-hour volume. (ETHFI) rose 5.69% to $3.34 on volume of $121 Million. Pyth Network (PYTH) experienced the largest increase of 6.21% and traded at $0.326 on $65.1 Million volume. (IO), which had the least price increase among these selected altcoins, gained 1.23%, reaching $3.49 on $183.3 million volume. This bullish trend is in line with the broader altcoin rally following Bitcoin’s recent price surge earlier this week.

Binance fights account abuse

The exchange offers various types of accounts with features that have the potential to be abused by bad actors seeking better fee rates. These include sub-accounts, managed sub-accounts, and fund manager accounts. Binance frowns upon unauthorized access to other users’ accounts and has vowed to take action, such as suspending or terminating violators. Binance will also increase monitoring of all user accounts.

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Binance has also created a reporting channel for users to report cases of account abuse. Accordingly, it has created a reward system for verification of reported abuse cases. The Binance API has three different types of limits: hard, machine learning, and web application firewall limits. These appear to have been abused by those who want to exploit the system.

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Binance Will List These 7 Altcoins in New Trading Parity!