Binance Adds New Margin Trading Pairs Involving FLOKI, BONK, WIF, Others

Binance, the largest cryptocurrency exchange by trade volume, has announced an expansion to its Margin trading by introducing new FDUSD, USDC, and USDT trading pairs on both Cross and Isolated Margin. The latest update affects eleven tokens including Floki (FLOKI), Bonk (BONK), DogWifHat (WIF), ZKsync (ZK), and more.

This comes shortly after the exchange giant commenced the listing and token distribution program for ZKsync (ZK). Despite its ongoing challenges, Binance continues to strive to deliver the best trading experience for its users, introducing new products and expanding its offering.

Binance to Extend Margin Trading with New FDUSD, USDC, and USDT Pairs

In an announcement dated June 18, the leading exchange platform informed its users that they can now conduct Cross and Isolated Margin trading on new pairs involving stablecoins FDUSD, USDC, and USDT.

The new Cross Margin trading pairs include 1000SATS/FDUSD, BB/FDUSD, BONK/FDUSD, ETHFI/USDC, FIRO/USDT, FLOKI/FDUSD, NOT/FDUSD, PEOPLE/FDUSD, W/FDUSD, WIF/FDUSD, and ZK/FDUSD.

For the new Isolated Margin trading pair, 1000SATS/FDUSD, BB/FDUSD, BONK/FDUSD, ETHFI/USDC, FLOKI/FDUSD, NOT/FDUSD, PEOPLE/FDUSD, W/FDUSD, WIF/FDUSD, ZK/USDT has been added. Binance informs that users can start trading on the new pairs effective immediately.

Meanwhile, the new update is part of Binance’s broader strategy to enhance user trading experience by constantly reviewing and expanding its offerings on the platform. Consequently, this will help users to properly diversify their portfolios and create flexibility with their trading strategies.

FLOKI, BONK, WIF, and ZK Price Reaction

While significant updates from prominent crypto exchanges such as Binance can positively affect the price movement of affected tokens, the case of the FLOKI, BONK, WIF, and ZK tells a different story.

According to a recent update from CoinMarketCap, the prices of the aforementioned tokens have taken a nosedive, dropping significantly over the last 24 hours. The price of FLOKI, a memecoin birthed by fans and members of the Shiba Inu (SHIB) community, has dropped by 12.85% to trade at $0.0001627.

The price of BONK, the first dog-themed memecoin on Solana has declined by 12.43% to $0.00002043. DogWifHat (WIF) has plummeted by a massive 15.11%, changing hands at $2.02, while zkSync (ZK), a Layer-2 protocol that scales Ethereum with cutting-edge ZK tech, has lost 16% of its value, crashing to $0.2011.

Investors are closely watching their favorite tokens, hoping for a potential price rally against the backdrop of the recent listing on the Binance exchange.