Binance To Boost Support For PEPE And FLOKI Amid The Big Boom In Memecoins
Binance, the world’s top cryptocurrency trading platform, has revealed additional features for the two newest integrated memecoins, PEPE and FLOKI. This news piques the interest of crypto aficionados who have been anticipating the exchange’s next move for these tokens after a volatile trading weekend. Binance has introduced PEPE and FLOKI as borrowable assets on Cross Margin, according to an official release made on May 9.
FLOKI/USDT and PEPE/USDT have been introduced as additional cross-margin pairings to the crypto exchange. The USDT pair has the most trading volume for both meme currencies. Binance has also introduced PEPE and FLOKI as additional loanable assets to its Binance Flexible Loan offering. Binance offers an isolated, overcollateralized, open-term loan product. Users may keep their PEPE and FLOKI positions open forever as long as the borrower and collateral digital assets do not exceed the necessary Loan-to-Value (LTV) ratios. FLOKI began as a meme currency project, but it has now extended its services to include games, NFT collections, and even a crypto debit card.
Source
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