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Binance Can Reduce Minimum Trade Size for Some Meme Coins

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Binance Can Reduce Minimum Trade Size for Some Meme Coins
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Binance is one of the world’s largest cryptocurrency exchanges in terms of volume. It has recently announced that it will reduce the minimum order size for some of the top memecoins in terms of market cap.

Binance is a centralized cryptocurrency exchange established in 2017 with a registered office in the Cayman Islands. There are 365 coins and 1148 trading pairs available on the exchange to trade. 

On December 20, 2023, Binance announced that it would reduce the minimum order size of the following spot and margin trading pairs. This change will be implemented on December 22, 2023, at 07:00 UTC.

What will Change?

Meme coins, or assets, are a type of cryptocurrency that is highly speculative, and certain enthusiastic online crypto communities support these coins.

The meme coins that are expected to undergo the change of required minimum order size on the Binance platform include PEPE (Pepe), a few dog-themed meme cryptos such as SHIB (Shiba Inu), FLOKI (Floki), and BONK (red-hot Bonk).

This initiative aims to facilitate trading with reduced barriers. The changes will apply to spot and margin trading pairs. For example, the minimum order size for SHIB/USDT will be reduced to 1 USDT from 5 USDT. 

This change will affect the existing spot and margin orders or other relevant functions, as well as updates to the minimum order size. It will allow users with lower funds to make investments in the coins.

This change will make trading more accessible and improve the trading experience. Application Programming Interface (API) users may get details about the new orders from the exchange information.

The details of the adjustments are as follows:

Trading PairsPrevious Minimum Order SizeUpdated Minimum Order Size
1000 SATS/FDUSD5 FDUSD1 FDUSD
1000 SATS/USDT5 USDT1 USDT
BONK/ FDUSD5 FDUSD1 FDUSD
BONK/ USDT5 USDT1 USDT
FLOKI/ TUSD5 TUSD1 TUSD
FLOKI/ USDT5 TUSD1 USDT
MEME / FDUSD5 FDUSD1 FDUSD
MEME/ TUSD5 TUSD1 TUSD
MEME/ USDT5 USDT1 USDT
PEOPLE/USDT5 USDT1 USDT
PEPE/USDT5 USDT1 USDT
PEPE/ TUSD5 TUSD1 TUSD
SHIB/ EUR5 EUR1 EUR
SHIB/ FDUSD5 FDUSD1 FDUSD
SHIB/ TUSD5 TUSD1 TUSD
SHIB/ USDT5 USDT1 USDT

The above list mentions all the pairs that will reduce the minimum order size, as mentioned. It will attract more small investors and an all-new investor base. The lower trade size will allow investors to diversify among various crypto assets.

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