Just-In: Binance Expands Support For Cardano (ADA) And Litecoin (LTC)
The world’s largest crypto exchange Binance on Tuesday said it will add Cardano (ADA) and Litecoin (LTC) trading pairs against TUSD stablecoin.
The crypto exchange also revealed zero maker fees for the ADA/TUSD and LTC/TUSD spot and margin trading pairs. ADA and LTC prices are picking momentum due to positive developments.
Binance Adds Cardano and Litecoin in TUSD Trading Pairs
According to an official announcement on May 30, crypto exchange Binance introduces TUSD spot and margin trading pairs for Cardano and Litecoin. Users can start trading ADA/TUSD and LTC/TUSD from May 31 at 08:00 UTC. Start time for ADA/TUSD and LTC/TUSD margin trading pairs will be announced separately.
The exchange will allow users to trade ADA/TUSD and LTC/TUSD spot and margin trading pairs at zero maker fees until further announcement. The move comes in an effort to increase liquidity on the exchange by attracting traders.
“Binance Spot Grid will be enabled for the ADA/TUSD, LTC/TUSD and TUSD/BUSD trading pairs within 48 hours of the trading start time.”
Binance has also introduced TUSD/BUSD trading pair that will have zero maker and taker fees. The exchange will exclude trading volume on the TUSD/BUSD spot and margin trading pairs from the VIP-tier volume calculation and all Liquidity Provider programs.
Also Read: South Korea Proposes System To Freeze Funds On Binance, Top Crypto Exchanges
ADA and LTC Gains Upside Momentum
ADA looks to gain upside momentum as Cardano-based meme coins SNEK and BANK rallied 35% in the last 24 hours. Cardano team also made significant advancements related to core developments, wallets, and ledger.
ADA price currently trades at $0.38, up nearly 1% in the last 24 hours. Whale accumulation and number of addresses holding ADA continue to rise this month.
Meanwhile, Litceoin is gaining momentum due to halving. The halving event is expected to happen on August 2 at 22:31:57 UTC. Currently, LTC block reward is 12.5 coins per block and will decrease to 6.25 coins per block post-halving.
LTC price looks to break above key support level, which the price currently trading at $92.01. The 24-hour low and high are $90.41 and $92.04, respectively. Litecoin creator Charlie Lee believes LTC could rally to $250.
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