Binance, the world’s largest crypto exchange platform by volume, is announcing an update that will reduce the minimum order size of some of the top memecoins by market capitalization.
In a new update, Binance says it will reduce the mandatory minimum order size of certain meme assets for spot and margin trading pairs, including Pepe (PEPE) and a handful of dog-themed meme cryptos such as Floki (FLOKI), Shiba Inu (SHIB) and piping hot Bonk (BONK).
Binance says the changes will take effect tomorrow and that reducing order sizes will help make crypto trading more accessible globally.
“To make trading more accessible and improve the trading experience, Binance will reduce the minimum order size of the following spot and margin trading pairs by [December 22nd]…
The adjustment does not affect spot trading, margin trading or other relevant functions [and] the minimum order size updates will not affect existing spot or margin orders.”
According to the announcement, Binance will reduce the minimum amount that investors must spend from five stablecoins to one.
In other news for the world’s largest cryptocurrency exchange by trading volume, Binance reached a court settlement with the Commodities Futures Trading Commission (CFTC) earlier this week after Binance and its founder, former CEO Changpeng Zhao, were found guilty of violating the law.
“The court finds that Zhao and Binance violated the Commodity Exchange Act (CEA) and CFTC regulations, personally imposes a $150 million civil penalty on Zhao, and requires Binance to return $1.35 billion in ill-gotten transaction fees and pay a fine of $1.35 billion to the CFTC.”
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