Claim BonusJust-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.
Also Read: Shiba Inu Reclaims “AAA” Rating On Certik, SHIB Price To Rally
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Bitcoin Reclaims $70K as Experts Signal a BTC Bottom
- 3 Reasons Why the XRP Price Is Up 20% Today
- China Tightens Stablecoin Rules as Bessent Urges Congress to Pass CLARITY Act to Keep Crypto Lead
- Bitget Launches ‘Fan Club’ Initiative In Bid To Strengthen Community Amid Crypto Crash
- BlackRock Signals More Selling as $291M in BTC, ETH Hit Coinbase Amid $2.5B Crypto Options Expiry
- Bitcoin Price Prediction as Funding Rate Tumbles Ahead of $2.1B Options Expiry
- Ethereum Price Outlook as Vitalik Buterin Sells $14 Million Worth of ETH: What’s Next for Ether?
- Solana Price at Risk of Crashing Below $50 as Crypto Fear and Greed Index Plunges to 5
- Pi Network Price Prediction Ahead of PI KYC Validator Reward System Launch
- XRP Price Outlook As Peter Brandt Predicts BTC Price Might Crash to $42k
- Will Cardano Price Rise After CME ADA Futures Launch on Feb 9?
