Binance Releases New Update, Reduces the Minimum Order Size

Binance has just released a new update and reduced the minimum order size on crypto meme coins – the top ones. Check out the latest reports about this below.

Binance, which is the world’s largest crypto exchange platform by volume, has announced an update that will lower the minimum order size for some of the top memecoins by market cap.

As per the latest update, Binance will decrease the mandatory minimum order size of certain meme assets for spot and margin trading pairs.

These meme cryptos include Pepe (PEPE) and a few dog-themed meme cryptos, such as Floki (FLOKI), Shiba Inu (SHIB), and Bonk (BONK).

Binance has stated that these changes will be implemented starting tomorrow and will help to make crypto trading more accessible globally.

“In order to make trading more accessible and improve trading experience, Binance will reduce the minimum order size of the following spot and margin trading pairs by [December 22nd]…

The adjustment will not affect spot trading, margin trading or other relevant functions [and] the updates to minimum order size will not affect existing spot or margin orders.”

Binance, the world’s largest cryptocurrency exchange by trading volume, recently announced that it has lowered the minimum amount required for investors to spend from five stablecoins to just one.

In other news related to the exchange, Binance and its founder, former CEO Changpeng Zhao, were recently found guilty of breaking the law and violating the Commodity Exchange Act (CEA) and CFTC regulations.

As a result, the court has imposed a $150 million civil monetary penalty against Zhao and has required Binance to disgorge $1.35 billion of ill-gotten transaction fees and pay a $1.35 billion penalty to the CFTC.

Stay tuned for more news from the crypto space, and make sure to check out the markets these days as well.