Bitrue, one of the fastest-growing cryptocurrency exchanges, has revealed the listing of ADA as a base currency on its trading platform from Thursday, February 24.
A major milestone for Cardano
This development is a major one for the exchange and continues its existing approach towards fostering and supporting the Cardano blockchain. Cardano is one of the biggest blockchains with a marketcap of $31.9 billion and growing.
It is regarded highly within the blockchain industry for its highly scalable architecture and low transaction fees. This enables developers to build next-gen web 3.0 dApps (decentralized apps) that provide solutions to different sectors globally.
Bitrue will be expanding its offering of Cardano with an initial listing of ADA base pairs with ten different cryptocurrencies. This includes FLUX, DGB, RSR, GAS, SNT, CTSI, BNT, LOOM, KNC. Bitrue users will be able to leverage their ADA tokens to perform different trading features using the listed base pairs.
Speaking on the development Bitrue’s Chief Marketing Officer Adam O’Neill noted that it was an easy decision for the exchange to list ADA base pairs. “The ADA community has been growing fast throughout the world as the coin continues to pass new milestones and prove itself as one of the core currencies of the new digital finance revolution. Similarly, we’ve seen an explosive growth of an ADA fanbase on Bitrue, and it is our great pleasure to provide them with convenient trading pairs utilizing ADA.”
He also added that the addition of the base pairs further shows Bitrue’s commitment to the Cardano ecosystem. “Bitrue has shown a long term commitment to the Cardano community and the numerous teams that are building within it, gradually integrating ADA into every single product or service that we offer on our exchange. The addition of an ADA base-pair re-affirms our commitment to this coin.”
A fast-growing ecosystem
Bitrue has continued to ensure that its commitment towards a seamless crypto experience for users is achieved. The exchange has been vocal about its aims of introducing crypto products to mainstream users and recently launched its yield farming hub service.
With yield farming hub, users can lock their assets within staking pools in return for up to 60% APR in yields.
It also recently listed the popular Cardano-based project SundaeSwap (SUNDAE) to its exchange platform. The addition of ADA base pairs is a significant development and places Bitrue in a great position to become a leading platform for Cardano native assets. To learn more about Bitrue, visit the following links www.bitrue.com.
Source link By Oliver Dale