Binance Introduces New Margin Pairs for BAND, FLM, STMX, ADX, PROM, and PROS
Terrill Dicki Sep 09, 2023 11:07
Binance introduces new Cross Margin pairs, including BAND/USDT, FLM/USDT, and STMX/USDT, along with new Isolated Margin pairs, ADX/USDT, PROM/USDT, and PROS/USDT.
Binance, the world's leading cryptocurrency exchange, has expanded its margin trading offerings. As of September 8, 2023, the platform has incorporated BAND, FLM, and STMX into its Cross Margin borrowable assets. Concurrently, new Isolated Margin pairs have been introduced, namely ADX/USDT, PROM/USDT, and PROS/USDT.
Specifically, the new Cross Margin pairs available for traders include BAND/USDT, FLM/USDT, and STMX/USDT.
For those unfamiliar with margin trading, it allows traders to borrow funds to amplify their trading positions. While it can lead to higher profits, it also comes with increased risks. Binance provides a "Margin Data" section for users to stay updated on the latest marginable assets, including details on specific limits, collateral ratios, and rates.
About Band
Band Protocol, launched in September 2019 on the Ethereum blockchain, is a cross-chain data oracle platform. It bridges the gap between real-world data and on-chain applications by connecting APIs to smart contracts. This facilitates the seamless exchange of information between on-chain and off-chain sources. By providing reliable, verifiable data to blockchains, it enables developers to integrate diverse real-world data into their decentralized applications. In June 2020, Band Protocol transitioned to the Cosmos network with Band Protocol 2.0, built on BandChain using the Cosmos SDK. BAND, its native token, plays a pivotal role in the ecosystem.
About Ambire
Ambire, previously known as AdEx Network, is a pioneering web3 marketing platform that harnesses blockchain and programmatic advertising to revolutionize digital advertising. Established in 2017, Ambire has transitioned from a decentralized ad exchange to a comprehensive advertising protocol. With over 20,000 registered users, it processes billions of blockchain-based micropayments. Ambire functions as a Demand-Side Platform, facilitating real-time bidding and programmatic advertising. Its native token, ADX, is integral for rewards, governance, and staking within the platform.
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