Binance Announces Additional Litecoin (LTC) And Tron (TRX) Stablecoin Trading Pairs
Binance Announces Additional Litecoin (LTC) And Tron (TRX) Trading Pairs
Binance, the largest crypto company in the world by trading volume, has announced new trading pairs for two of its tokens: Litecoin (LTC) and Tron (TRX). The new pairs will be LTC/USD, LTC/PAX, LTC/USDC, TRX/PAX and TRX/USDC. As you can see, the new trading pairs are mostly focused on two stablecoins, Circle’s USDC and the Paxos Standard (PAX).
All trading for these new pairs will be started on January 24, 10:00 am UTC, according to the official announcement that Binance has made on its blog.
Binance’s Related News
It was not a long time ago that the exchange has also added a new set of trading pairs for Bitcoin Cash (BCH) and Bitcoin SV (BSV), which were paired with USDC, TrueUSD and PAX.
The company is also supporting the BitTorrent (BTT) airdrop program, which is distributing tokens to Tron (TRX) token holders as part of a promotional effort.
As you may know, Binance is also involved in charity, as well as crypto trading. Recently, the CEO of Binance, Changpeng “CZ” Zhao, is creating an initiative to uplift the children in Africa. The idea is to feed children launch every time a Binance Coin (BNB) is donated to the initiative. This is a way to use cryptos to help people.
The Future Of Cryptos
The CEO has also talked about the rise in crypto prices back in 2017 and affirmed that it was an “overshoot” in price as a lot of people were rushing in with very similar projects and some of them were plainly bad.
After the rush, the industry was still too young and there was nothing left, which caused the crash. Basically, he believes, it was all caused by the hype and the anxiety to surf on the rising prices.
CZ is not too optimistic, though, as he believes that we may be living the worst bear market in the history of crypto and that it will take some time for the prices to actually shoot to the moon again. Despite this, he claims that he did not lose faith in the industry and that things will get better.