Crypto exchange Bitrue added Cardano’s token ($ADA) as a base currency
The exchange will merge ADA with various crypto assets, including Cartesi, Flux, Reserve Rights, DigiByte, Bancor, Kyber Network, and Loom Network
24.02.2022 - 10:00
235
2 min
0
What’s new? Bitrue, a digital asset trading platform, has announced that Cardano’s native token ($ADA) will become a base currency on the exchange. According to a Twitter post, Bitrue will merge ADA with various crypto assets including Cartesi ($CTSI), flux ($FLUX), Reserve Rights ($RSR), DigiByte ($DGB), Bancor ($BNT), Kyber Network ($KNC) and Loom Network ($LOOM).
We are making #Cardano $ADA a base currency on Bitrue!As the latest step in our extensive Cardano support, 9 new pairs will be launching with /ADA starting Feb 24th at 12:00 UTC. #CardanoCommunity @CardanoStiftung @Cardano Details - https://t.co/onuQ2kyUpV pic.twitter.com/UftLkGOyh9— Bitrue (@BitrueOfficial) February 23, 2022
What is known about Cardano? The activity on the blockchain network has increased dramatically recently. The number of new addresses created daily has jumped 167%. The data in the CryptoCompare report shows that the large holders of over 300 000 ADA tokens doubled their assets in January, taking advantage of falling prices. Also in early February, Cardano’s block size increased by 11%.
How has Bitrue used Cardano previously? The first supported blockchain network token on the exchange was $OCC, a service token of the OccamFi DeFi-platform adapted for Cardano. Bitrue first placed ADA trading pairs in April 2019 against USDT, BTC, and XRP. Last year, the exchange also launched ADA community betting pools and open-source deposits.
Useful material?
Incidents
The platform began the bankruptcy process in July 2022
Nov 28, 2024
Incidents
Crypto mixer smart contracts do not have an administrator key, so no one can control them, and they are not considered proprietary
Nov 27, 2024
Market
According to the politician, this will combat widespread corruption by ensuring transparency and accountability of budgetary funds
Nov 26, 2024
Market
Justin Sun invested $30 million in the project
Nov 26, 2024
Technologies
Network fees will be integrated into the cost of swaps
Nov 22, 2024
Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024