Binance Adds New ATOM Trading Options with Stablecoins USDC, PAX and TUSD, Excluding USDT
With the allegations and counter allegations that are taking place around the Tether/Bitfinex, there is an exchange that has managed to dodge this whole Tether bullet. Well, this could be only till the drama going around the crypto markets cools down.
But on other news, Binance has gone ahead to announce the addition of new trading pairs on their exchange platform. You should expect to see ATOM/USDC, ATOM/TUSD, and the ATOM/PAX, but ATOM is yet to be paired with the Tether, USDT.
As Binance is a leading crypto exchange platform, they ensure to go the extra length in only getting the best when it comes to additional coins as it had been mentioned in a post.
“Binance will make best efforts to choose high-quality coins, but will not be responsible for your investment losses.”
The Tether USDT Was Dominating The Trading Market
For an extended period, the Tether was dominating the crypto trading market. The BTC trading in the USDT was able to account for about $8.9 million BTC, this is by March according to an Exchange review, when you look keenly this is a surge of about 43% from the previous month trading.
The Bitcoin trading against the fiat and declined, but it was not all bad news for the coin as the Tether USDT continued to be a preferred mode of trade. But once the cover-up news broke out the crypto market cap had a significant drop of about $10 million. As a result, there might some hints that the investors within the community who are losing some hope on the market performance.