New $ADA trading pair to become available on Binance following the solid growth of the network's activity
In a recent announcement that might significantly influence the growth trajectory of Cardano , Binance, one of the largest cryptocurrency exchanges worldwide, confirmed the listing of the ADA/TUSD trading pair. This move will likely provide a substantial boost to ADA's liquidity and overall network growth, backed by the exchange's robust user base and market reach.
The new trading pair, ADA/TUSD, will be launched on May 31, 2023, at 8:00 a.m. . Within 48 hours of the trading start time, Binance plans to enable Spot Grid for the newly listed trading pairs. The initiative offers zero maker fees on the ADA/TUSD and LTC/TUSD spot and margin trading pairs for an undefined period.The addition of ADA to Binance's extensive list of trading pairs comes at a favorable time for the Cardano network.
The DeFi boom on Cardano has been a crucial driver for the increased Total Value Locked on the network. Furthermore, ADA has successfully bounced off the local trendline at $0.35 and is currently moving upward, displaying robust performance on the market.
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