• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • About us
  • Write for us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact
  • All Posts
  • Advertise

TronWeekly

Crypto World News

  • Home
  • Education
    • Best TRON Wallets
    • Beginner’s guide to TRON
  • Opinion
    • Tron Tokens
    • Market Analysis
  • Industry
    • Tron Exchange
    • Project Review
  • Press Release
  • Advertise
  • About us
    • The Team
    • Editorial Policy
    • Write for us
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • Contact
You are here: Home / News / Altcoin News / Cardano: ADA/USDC Pair To Trade In Binance.US
Cardano: ADA/USDC Pair To Trade In Binance.US

Cardano: ADA/USDC Pair To Trade In Binance.US

December 9, 2022 by Lipika Deka

Cardano is paired with the world’s second-largest stablecoin to trade in Binance.US, an American subsidiary of the Binance exchange. Besides ADA, its competitor Solana [SOL] too can be traded against the stablecoin, the announcement read.

Binance.US has noted that the inclusion of the two leading altcoins is aim to achieve “scalability, interoperability, and sustainability.”

Just the other day, the trading platform announced getting rid of trading fees for ether (ETH), as part of its plans to expand its zero-free program beyond just bitcoin [BTC].

In an effort to draw in more users, the exchange, which is a division of the biggest cryptocurrency exchange by volume, eliminated bitcoin trading fees in June.

image 25
Cardano: ADA/USDC Pair To Trade In Binance.US 3

Following FTX’s fall from grace that spread a wave of skepticism in the cryptocurrency industry, JPMorgan predicted last month that centralized exchanges will continue to control the majority of digital asset trading volumes.

This week, Binance.US also made a launch announcement for American Samoa and Guam, two new US territories. Additionally, it obtained its Money Transmitter Licenses [MTL] in Louisiana, bringing the total number of secured MLTs in the States to 43.

In terms of the newest tokens pair, the platform added support for ADA staking in early September. Cardano and Solana occupy 9th and 18th places by market capitalization, respectively, according to data provided by cryptocurrency ranking firm CoinGecko.

Cardano has gained multiple adoptions off late. As reported by TronWeekly, ADA, along with Polkadot [DOT], and Tezos [XTZ] were also listed on the spot and derivatives BitMEX exchange.  

ADA’s DeFi TVL activity also spiked.

Cardano’s EVM & Sidechain Would Boost Up DeFi

Per CryptoCompare, the blowout led to an increase in the platform’s average daily active user base. The total number of Cardano’s daily active users increased by over 15% last month to 75,800, the highest figure since May.

Similar to this, Cardano network monthly transactions increased 5.34% to 2.32 million last month, which was the highest monthly transaction volume since April. According to data from the cryptocurrency’s network, the number of wallets there surged by over 100,000 last month.

Cardano supporters, the report adds, are anticipating that the introduction of several new advancements, such as sidechains, Cardano’s Ethereum Virtual Machine, and its privacy-focused sidechain Midnight, would increase the usefulness of the network’s DeFi ecosystem.

Filed Under: Altcoin News, News Tagged With: ADA, Binance US, Cardano, SOL

Primary Sidebar

Recent Posts

  • Ban On Ethereum Staking Would Be “Terrible”-Coinbase CEO February 9, 2023
  • Kraken Under SEC Scrutiny, Crypto Exchange Accused Of Securities Violations: Report February 9, 2023
  • 11 Years Dormant Bitcoin Wallet Reawakens With $9.5M Gain: A Forgotten Fortune February 9, 2023
  • Cardano DeFi TVL Shoot Up By 100% YTD, Data Shows February 9, 2023
  • Laundering Of Ethereum Worth $4M By N.Korean Lazarus Group February 9, 2023

Footer

News

  • Altcoin News
  • Bitcoin News
  • Blockchain
  • Tron News
  • World

Digest

  • Meet the Founder
  • Price Winning Article
  • DeFi
  • Cyber Security
  • Crypto Scam

Industry

  • Project Review
  • Technology
  • Fintech
  • Tron Exchange
  • New in Town

Tron Universe

  • Event and Tron Parties
  • New in Town
  • Tron Tokens

Follow Us

Subscribe US

Copyright © 2023 · Tron Weekly. All Rights Reserved. NOTE: Tron Weekly is an independent crypto news site that adheres to the strict journalism policy anchored on transparency, trust, and objectivity, we have no affiliation with the TRON Foundation, its founder Justin Sun or any other cryptocurrency firm.