Binance, the leading cryptocurrency exchange, has announced the addition of seven new FDUSD trading pairs for both cross margin and isolated margin trading. The listed tokens include ALT (Altlayer), ETHFI (Ether.fi), IO (io.net), MEME (Memecoin), PYTH (Pyth Network), TNSR (Tensor), and TAO (Bittensor).

The new trading pairs, which are identical for both cross margin and isolated margin trading, aim to enhance the user experience by providing more trading options, allowing for greater portfolio diversification and more flexible trading strategies. Binance is offering zero-fee trading on these FDUSD pairs, with the exact terms depending on users' VIP levels.

The announcement has coincided with positive price movements for the listed tokens. In the 24 hours following the news, these cryptocurrencies experienced gains ranging from 1% to 6%. Memecoin (MEME) saw a 4.97% increase, trading at $0.01978 with a 24-hour volume of $34.1 Million. Ether.fi (ETHFI) rose by 5.69% to $3.34, with a volume of $121Million. Pyth Network (PYTH) experienced the largest increase of 6.21%, trading at $0.326 with a volume of $65.1 Million. IO.net (IO) gained 1.23%, reaching $3.49 with a volume of $183.3 Million.

This upward trend aligns with the broader altcoin rally, which has been following Bitcoin's recent price increase earlier this week. Bitcoin itself was trading at $61,476.59, up 1.18% over 24 hours, with a trading volume of $24 billion.

Binance's move to introduce these new FDUSD trading pairs demonstrates its commitment to expanding trading options and providing a more diverse and flexible trading environment for its users. As the crypto market continues to evolve, exchanges like Binance are adapting to meet the growing demands of traders and investors.