The world's largest cryptocurrency exchange #Binance has announced that it has listed a new altcoin in margin trading.
Binance announced on May 15 that Nexpace ($NXPC ), which opened to the new board, was listed as a borrowable asset in cross and isolated margin trading today.
According to the statement, Binance will provide NXPC investors with the opportunity to trade isolated and cross margin in Tether (USDT) and USD Coin (USDC) pairs. With the listing in question, investors will now be able to use NXPC/USDT and NXPC/USDC trading pairs in isolated and cross margin trading.
However, Binance stated that the newly listed assets may have high volatility and reminded users to pay attention to risk management. Binance also stated that it may make changes to margin rates, initial and maintenance margin requirements and transaction fees according to market conditions.
According to CoinGecko data, #NXPC , which started trading today, has been experiencing an increase from the first day with listings from Binance and other exchanges. At press time, NXPC is up 60.2% and trading at $3.12.
