Cryptocurrency exchange Bitrue is now supporting ADA as a base currency, Invezz learned from a press release. This is not the beginning of cooperation between the Cardano blockchain and the exchange. They have a history of working together.
With the debut of OccamFi in June last year, Bitrue became the first exchange to allow trading for Cardano’s native token (ADA/USD). They are also the first exchange to support community stake pools. 2 million ADA has been delegated to pools operated by trustworthy community members.
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Adam O’Neill, Bitrue’s Chief Marketing Officer, commented:
Bitrue has demonstrated a long-term commitment to the Cardano community and the multiple teams that are developing within it, progressively incorporating ADA into every product or service that is offered on the exchange. The inclusion of an ADA base pair demonstrates our continued support for Cardano’s native currency.
Initially SOL, ETH, XDC, LTC, ICP, AVAX, MATIC, SHIB, GALA, and MANA will be linked with ADA. These ten trading pairs with ADA as the basis coin were introduced today, February 24. Additional trading pairs will be added every week. O’Neill added:
The ADA community is rapidly expanding throughout the world as the digital currency continues to reach new milestones and establish itself as one of the key drivers of the new digital finance revolution. Similarly, we’ve noticed an incredible surge in the number of ADA fans on Bitrue, and it’s our delight to present them with simple trading pairs that use ADA.
Cardano is one of the biggest blockchains to successfully use a proof-of-stake consensus mechanism, which is less energy intensive than the proof-of-work algorithm relied upon by Bitcoin.
The ecosystem has taken pride in ensuring that all of the technology developed goes through a process of peer-reviewed research.
This academic rigor helps the blockchain to be durable and stable — increasing the chance that potential pitfalls can be anticipated in advance.
Bitrue supports trading, lending, and investments. It intends to use blockchain technology to provide financial possibilities to everyone, regardless of geography or financial situation.
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