All news is rigorously fact-checked and reviewed by leading blockchain experts and seasoned industry insiders.
- Binance US boosts Shiba Inu (SHIB) and XRP OTC order limit to $30,000.
- 37 trading pairs, including popular cryptocurrencies, witness an uplift in max order limits.
Taking a cue from the official Binance US announcement, it’s jubilation time for the crypto community! The trusted trading platform has just ramped up its game by introducing higher maximum order limits on its Over-The-Counter (OTC) trading portal, and guess what? Shiba Inu (SHIB) and XRP are among the beneficiaries!
We’ve updated our OTC Trading Portal with new maximum order limits for $BTC, $ETH & 10+ #cryptocurrencies!
Use our OTC Trading Portal to place large buy and sell orders directly, without disrupting markets.
Learn more: https://t.co/oZFfPocnqc pic.twitter.com/pxRwagBii5
— Binance.US Customer Support (@BinanceUShelp) August 10, 2023
New Trading Horizons for SHIB and XRP
It’s evident that last Thursday marked a notable shift in the crypto trading ecosystem. Besides the famed Shiba Inu (SHIB) and XRP, the refreshed order limit also graced 14 other significant cryptocurrencies, summing up to 37 trading pairs on the OTC platform. For the uninitiated, OTC trading offers a unique platform where traders can place large buy and sell orders at a fixed price without causing ripples in the market. This ensures smoother transactions and prevents sudden price swings.
If you’re a Shiba Inu or XRP enthusiast, here’s the cherry on top! The revised OTC order limit for these crypto giants stands at a whopping $30,000. Yes, you heard it right! The trading pairs dancing to this new tune include SHIB/USDT, SHIB/USDC, XRP/BTC, XRP/USDT, and XRP/USDC. With such an elevation, traders can now place orders on Binance US’s OTC portal for up to $30,000 on these supported trading pairs.
More Cryptos Join the League
But wait, there’s more to the celebration! Shiba Inu and XRP aren’t the only ones basking in the limelight. Binance US has also bestowed higher order limits upon select BTC, ETH, DOGE, and ADA trading pairs within its OTC portal. While ADA matches the $30,000 bracket, BTC and ETH have skyrocketed with a new cap of $300,000. Quite the leap, isn’t it?
With Binance US continually evaluating and amplifying its asset quality and trading pairs, the future looks promising for crypto traders and enthusiasts alike. Cheers to a brighter crypto future!
