Binance expands support for meme coins PEPE and FLOKI, offering innovative cross-margin features for traders to manage volatile assets.
- Binance has expanded its support for meme coins PEPE and FLOKI.
- Cross Margin allows traders to split their investments between two tokens.
- Price of FLOKI has a 3.24% down, while PEPE has seen an 11.48% down in last 24 hrs.
On Tuesday, the world’s largest crypto exchange, Binance, expanded its support for the newly listed meme coins PEPE and FLOKI. Binance took the initiative of listing both PEPE and FLOKI in the Innovation Zone on May 5, and it was surprising to see them add PEPE and FLOKI to all the products and services they offer.
In a recent announcement, Binance declared its continued support for the two meme coins, Floki and PEPE. The cryptocurrency exchange has added Floki Inu and Pepe coins to Cross Margin, making them the latest borrowable assets in Binance’s Cross Margin.
By enabling users to split their investments across two trending tokens, Binance has effectively empowered traders to mitigate potential losses within this highly volatile asset class. With the introduction of cross-margin, traders can now actively share their margin balances between positions.
This exciting feature allows gains from one position to cover potential losses from another, providing a more streamlined and manageable approach to meeting margin requirements. Ultimately, Binance’s innovative solution fosters a more fluid and confident trading experience. Enhancing traders’ ability to navigate the ever-changing crypto landscape.
Current Market Status of FLOKI and PEPE
Despite the good news, bears in the FLOKI and PEPE have dominated the market in the last 24- hours.
FLOKI has recorded a price decrease of 3.24% and is currently traded at $0.00003556. The 24-hour low and high of the Floki Inu are $0.000033 and $0.00003768, respectively. The trading volume of FLOKI has also recorded an increase of 3.50% to $61,187,191, signaling an interest among traders and investors.
The price of PEPE has recorded a price decrease of 11.48%, leading Pepe coin to trade at $0.000001937. However, the price is up by 62.48% in the past 7 days. Pepe coin has support and resistance levels at $0.000001592 and $0.000002354, respectively.