{"id":36153,"date":"2025-01-15T19:22:25","date_gmt":"2025-01-15T19:22:25","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=36153"},"modified":"2025-01-15T19:22:25","modified_gmt":"2025-01-15T19:22:25","slug":"important-binance-update-affecting-dogecoin-doge-traders-details-inside","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=36153","title":{"rendered":"Important Binance Update Affecting Dogecoin (DOGE) Traders: Details Inside"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Binance expanded user options, adding DOGE and other assets as collateral on Fixed Rate Loans and VIP Loans.<\/span>
\nThe involved cryptocurrencies saw minor gains, possibly boosted by the company\u2019s support and the broader resurgence of the crypto market.<\/p>\n

<\/a><\/span><\/h2>\n

Further Support for These Cryptocurrencies<\/h2>\n

The world\u2019s largest crypto exchange recently <\/span>included<\/span><\/a> Dogecoin (DOGE) and Litecoin (LTC) as collateral assets on Fixed Rate Loan. It also added ChainGPT (CGPT) as a loanable asset on the <\/span>VIP<\/span> Loan.\u00a0<\/span><\/p>\n

Binance\u2019s Fixed Rate Loan program enables users to borrow or lend stablecoins at fixed interest rates, ensuring predictable costs and returns. Borrowers secure loans with collateral. Well-known cryptocurrencies that can serve that role include Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Avalanche (AVAX), as well as the recently added DOGE and LTC.\u00a0<\/span><\/p>\n

\u201cThe platform effectively matches the needs of suppliers and borrowers. Fixed Rate Loan is over-collateralized, supporting multi-asset collateral to reduce liquidation risk. It also features an efficient automated process with auto-repay and auto-renew options,\u201d the company explained.<\/span><\/p>\n

For its part,<\/span> the company\u2019s VIP Loan service offers over-collateralized loans for institutional and large-scale clients, providing flexible terms, competitive rates, and access to multiple assets.<\/span>\u00a0<\/span><\/p>\n

DOGE, LTC, and CGPT have all charted gains in the last 24 hours. However, the support from Binance might not be the only factor contributing to their positive performance. <\/span><\/p>\n

Another element is the overall resurgence of the cryptocurrency market, where Bitcoin (BTC) exceeded<\/a> $98K, while <\/span>Ripple (XRP)<\/span><\/a> tapped a seven-year high of almost $2.90. Other top performers include Stellar (XLM), <\/span>Cardano (ADA)<\/span><\/a>, and more.<\/span><\/p>\n

The Delisting Effort<\/span><\/h2>\n

Besides adding new services to clients, Binance often removes cryptocurrencies or <\/span>certain<\/span> trading pairs due to <\/span>factors like<\/span> poor liquidity. Several hours ago, it <\/span>announced<\/span><\/a> that the following spot trading pairs: BNX\/BTC, CATI\/BNB, CATI\/BRL, CHZ\/FDUSD, DOGS\/BNB, GTC\/BTC, HIGH\/BTC, LISTA\/BRL, NOT\/BRL, PIXEL\/BTC, TKO\/BTC, TWT\/BTC will no longer be available from January 17.<\/span><\/p>\n

Spot trading services for the <\/span>aforementioned will<\/span> also be terminated on that date. \u201cUsers <\/span>are strongly advised<\/span> to update and\/or cancel their Spot Trading Bots <\/span>prior to<\/span> the cessation of Spot Trading Bots services to avoid any potential losses,\u201d the exchange advised.\u00a0<\/span><\/p>\n

Earlier this year, Binance conducted a similar amendment, <\/span>disclosing<\/span><\/a> that LIT\/BTC, NULS\/BTC, SFP\/BTC,<\/span>\u00a0<\/span><\/strong>BEL\/BTC, and LSK\/BTC will become unavailable to clients from January 16<\/span>.<\/span><\/strong>\u00a0<\/span><\/p>\n

The post Important Binance Update Affecting Dogecoin (DOGE) Traders: Details Inside<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Binance expanded user options, adding DOGE and other assets as collateral on Fixed Rate Loans and VIP Loans. The involved cryptocurrencies saw minor gains, possibly boosted by the company\u2019s support and the broader resurgence of the crypto market. Further Support for These Cryptocurrencies The world\u2019s largest crypto exchange recently included Dogecoin (DOGE) and Litecoin […]<\/p>\n","protected":false},"author":0,"featured_media":36154,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-36153","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/36153"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36153"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/36153\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/36154"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}