Binance Unleashes SHIB, DOGE & PEPE Pairs for Margin Trading

Top memecoins SHIB & DOGE witnessed triple-digit growth this March, inspiring Binance to expand their Margin trade offering.

Binance serving up PEPE and SHIB on a platter and a trader has to make his decision.
Created by Kornelija Poderskytė from DailyCoin
  • Memecurrency sector observed the hottest week in history this March.
  • Top crypto platform Binance adds new memecoin Margin trading pairs.
  • Solana’s emerging canine coins make their way to new all-time highs.

The globe’s leading cryptocurrency exchange has introduced a lengthy list of new trading pairs for Margin. The latest announcement is relevant to both Cross Margin and Isolated Margin in a quest to boost the ecosystem’s liquidity by meeting the rising demand for advanced memecurrency trading.

Binance Meets Trading Demand with These Pairs

First, Dogecoin (DOGE) traders can trade DOGE/USDC in both Cross and Isolated margins. Custodians of Shiba Inu (SHIB) can also partake in SHIB/USDC trading in both modes.

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However, things might look slightly different for crypto aficionados seeking to trade Pepe (PEPE), as this memecoin has now expanded to four trading pairs. In further detail, both Cross and Isolated traders can use PEPE trading against two popular stablecoins: USD Coin (USDC) and First Digital USD (FDUSD).

This means that PEPE traders can choose between PEPE/FDUSD and PEPE/USDC pairs on both versions of Margin trading. Meanwhile, fans of brand new, straight-out-the-gate memecoins get BOME/FDUSD, a Solana-based memecurrency.

Is the Ongoing Memecurrency Rally Sustainable?

The all-around memecoin frenzy in the last couple of months has made the major players adapt to the shifting crypto landscape. Most large and mid-cap memecurrencies have surged in triple digits, as top crypto exchanges have welcomed a series of promising projects, including Book Of Meme (BOME) and Dogwifhat (WIF).

As memecurrencies have lately witnessed the most successful week ever in this department, the Spring 2024 memecoin rally is yet to face a longer market correction. For instance, Dogecoin has embarked on a 40% weekly run to claim the yearly heights of $0.188 today. Meanwhile, Shiba Inu’s 289% run placed the original Doge Killer right next to its main rival in the charts.

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Younger siblings Dogwifhat and Bonk (BONK) quickly made a name for themselves by securing new all-time highs recently, making these Solana’s canine coins long-term TOP 100 contenders. While the memecoin bull rally is fun to watch, it bears mentioning that memecurrencies are volatile and known for their highly fluctuating market prices.

On the Flipside

  • Book Of Meme (BOME) trading has raised substantial controversy due to allegations of insider trading on BOME’s launch day on Binance.

Why This Matters

More trading pairs on Binance’s trading offering enable crypto enthusiasts to diversify their portfolios and maintain a high flexibility standard.

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This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Tadas Klimasevskis

Tadas Klimaševskis is a Lithuanian journalist at DailyCoin, specializing in covering the lighter side of the crypto industry such as memecoins and pop culture in the metaverse. He has experience as a music artist, English language teacher, and freelance writer, and uses his creative writing skills to summarize valuable information in his work. He is also a strong believer in the potential of blockchain and spends his free time listening to music, traveling, and watching basketball games.