Binance Unveils Latest Update: Lower Minimum Order Sizes for Leading Memecoins

Binance, the world’s leading cryptocurrency exchange by volume, has announced a significant update aimed at enhancing accessibility to crypto trading globally. 

Starting tomorrow, the platform will reduce the mandatory minimum order size for selected meme assets in spot and margin trading pairs. Including Pepe (PEPE), Floki (FLOKI), Shiba Inu (SHIB), and Bonk (BONK). This adjustment, which won’t impact existing spot or margin orders. Seeks to improve the overall trading experience. Binance emphasizes that the move will lower the minimum investment requirement from five stablecoins to one. 

In unrelated news, the exchange recently reached a settlement with the Commodities Futures Trading Commission (CFTC). Resulting in a $150 million civil penalty against Binance’s founder, Changpeng Zhao, and the disgorgement of $1.35 billion in ill-gotten transaction fees. Along with a $1.35 billion penalty to the CFTC.

Clever Robot News Desk 22^nd December 2023