Binance Offers New Cardano (ADA) And NEO Trading Pairs with Stablecoins PAX and USDC
Even with the bear market going up, Binance is one of the exchanges which is having positive trade volumes. Why? Because they have some new exciting announcement to make each week and this has been helping the company to consolidate as one of the most important crypto exchanges in the market at the moment.
Now, Binance has announced on its blog that it will list four new trading pairs for both Cardano (ADA) and NEO. The pairs will be ADA/PAX, ADA/USDC, NEO/USDC and NEO/PAX, which will see the two tokens paired against two stablecoins, USD Coin and Paxos. According to the announcement, the trading pairs will be available starting on March 27, 4:00 a. m. UTC.
New Trading Pairs for NEO and Cardano
Now, anyone with PAX or USDC holdings will be able to get these two tokens from Binance. Before today, users would need to have other assets in order to buy these assets from the exchange, so this will hopefully increase their liquidity on the trading books.
Cardano (ADA) is one of the only coins seeing green today. After the announcement of the new trading pairs, the token was trading up by 5.3% and it hit the price of $0.061 USD per token. This shows that the announcement has probably caused a nice effect on price.
NEO, despite the listing, is down by 0.31% today and it ranks 17 on CoinMarketCap with the price of $8,91 USD per token.
Binance can be considered the largest crypto exchange in the world at the moment. The company is seeing its own token (BNB) raise in price a lot this year. Part of this was because of the start of the Binance Launchpad, a new token sales platform which has already launched three different assets so far: BitTorrent (BTT), Fetch.AI (FET) and Celer Network (CELR). All the sales were a complete success and were sold out in less than a hour.