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Cryptocurrency News Articles
AVAX Price Consolidates Within a Narrow Range as Netflow Indicates Investor Accumulation
Jan 24, 2025 at 02:14 pm
Avalanche's native crypto, AVAX, has struggled to recover in 2025, even as other cryptocurrencies gain momentum.
Cryptocurrency exchange Binance announced the listing of a new token, AVAX, for margin trading on January 24, 2025.
The AVAX/USDT pair is now available for margin trading with up to 5x leverage.
Binance Margin Trading Offers Leverage Options
Margin trading allows traders to amplify their potential profits by borrowing funds from the exchange. In the case of Binance, traders can utilize up to 5x leverage for AVAX margin trading.
This feature provides traders with the flexibility to magnify their trades, both to the upside and downside. However, it's crucial to note that while leverage can enhance gains, it also intensifies potential losses.
To begin margin trading, traders must first activate their Binance margin account. Once enabled, they can select AVAX/USDT and choose a leverage level that aligns with their risk tolerance and trading strategy.
Binance Pay Enables Crypto Payments at Over 100,000 Merchants
In related news, Binance announced the integration of Binance Pay with Ingenico payment terminals, expanding crypto payment acceptance at over 100,000 merchants globally.
This collaboration aims to bridge the gap between Web2 and Web3 technologies, offering customers the convenience of paying with cryptocurrencies at physical stores.
Binance Pay is a contactless, cryptocurrency payment solution that allows users to pay for goods and services at merchants that accept crypto. The service is available in over 70 countries and regions worldwide.
To use Binance Pay at Ingenico terminals, customers simply need to scan a QR code displayed on the terminal using the Binance app. Once scanned, they can select the cryptocurrency they wish to pay with and confirm the transaction.
The Ingenico terminals will now display a crypto payment option alongside traditional payment methods such as credit cards and cash. This integration is expected to significantly enhance the accessibility and usability of cryptocurrencies in everyday transactions.
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