Binance, the world's largest cryptocurrency exchange by trading volume, announced the addition of NKN/USDT and ZRX/USDT as well as 3 different trading pairs as new loanable assets to Cross Margin.
Cryptocurrency Exchange Adds 5 New Coins to Binance Cross Margin
In this way, users will be able to borrow NKN and ZRX tokens against existing crypto assets on the platform and gain more flexibility to manage their portfolios.
In addition to adding these new borrowable assets, Binance has also introduced several new margin pairs on its Cross Margin trading platform.
These include ICX/BTC, NKN/BTC, NKN/USDT, SXP/BNB, ZRX/BTC and ZRX/USDT. These new pairs will provide users with more trading options and increase liquidity on the platform.
Binance's Cross Margin trading feature allows users to trade with borrowed funds, increasing their purchasing power and potentially increasing their profits.
However, margin trading also comes with higher risks as losses can exceed the initial investment.
Binance continues to expand its platform by adding new tokens and trading features to meet the growing demand from crypto traders and investors worldwide.
The exchange has a reputation for quickly listing new tokens and offering a wide variety of trading options to its users.
NKN and ZRX are two popular cryptocurrencies in the market.
NKN is a decentralized network aimed at improving internet communication and connectivity while ZRX is the native token of the 0x protocol, a decentralized exchange protocol that facilitates peer-to-peer trading of ERC-20 tokens on the Ethereum blockchain.
Overall, Binance's addition of NKN and ZRX to Cross Margin as new loanable assets and new margin pairs demonstrates its commitment to providing its users with a wide variety of trading options and opportunities.
*Not investment advice.