In the dynamic world of cryptocurrencies, Bitcoin (BTC) has historically been the benchmark currency for altcoin trading. However, recent market movements suggest a significant shift in this dynamic.
Binance, one of the leading cryptocurrency exchanges, has announced the removal of several altcoin trading pairs with BTC due to low liquidity and trading volume. This adjustment reflects a broader trend where altcoin pairs with BTC are losing popularity compared to pairs with stablecoins like USDT and USDC.
Data shows that trading volumes of pairs with BTC have decreased since 2022, while pairs with stablecoins have gained ground. This transition indicates a growing preference for the stability and liquidity that stablecoins offer compared to the inherent volatility of BTC.
Additionally, Binance has introduced perpetual contracts collateralized with USDC for cryptocurrencies such as BTC, ETH, and XRP, offering leverage of up to 125x and promotional discounts on trading fees. This measure aims to enhance the user experience and expand the trading options available on the platform.
For traders, this change represents an opportunity to reassess strategies and adapt to the new market conditions. Choosing more stable trading pairs may offer advantages in terms of risk management and operational efficiency.
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