Binance, the world’s largest cryptocurrency exchange by transaction volume, added new trading pairs to Cross Margin and Isolated Margin.
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New pairs include CVC/USDT and PNT/USDT for Cross Margin, and CVC/USDT, ELF/USDT, FARM/USDT and SC/USDT for Isolated Margin.
According to Binance, Cross Margin is a margin mode that allows traders to use all their assets in their margin accounts as collateral for a position.
This means that if the trader’s margin account balance falls below the maintenance margin level, the position will be liquidated.
On the other hand, Isolated Margin is a collateral mode that allows traders to use only a portion of their assets as collateral for a position.
This means that if the trader’s margin account balance falls below the maintenance margin level, only the assets used as collateral for the position will be liquidated.
The addition of these new trading pairs is expected to provide more trading options for users and increase liquidity on the platform.
Binance has been expanding its offerings in recent months by adding new features and services to attract more users to its platform.
*This is not investment advice.
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