Bitrue adds Cardano (ADA) as a Base Currency, to List 10 Initial Pairs
Bitrue, a top cryptocurrency exchange with a global presence offering, among other services crypto loans, is adding Cardano (ADA) as a base currency.
Bitrue, a top cryptocurrency exchange with a global presence offering, among other services crypto loans, is adding Cardano (ADA) as a base currency.
ADA added as a Base Currency at Bitrue
In a press release on February 24, the exchange said it is pairing ADA with other liquid assets like FLUX, DGB, RSR, GAS, SNT, CTSI, BNT, LOOM, and KNC already supported by the ramp. The first ten pairs with ADA as the base currency have already been released. However, more assets will be paired with ADA every week in the days ahead.
Adding ADA as a base currency continues the exchange’s support for the promising Cardano ecosystem.
According to Adam O’Neill, the Chief Marketing Officer at Bitrue, this addition goes a long way in demonstrating their unwavering support for Cardano and gifted developers and projects working on the peer-reviewed Proof-of-Stake network.
“Bitrue has shown a long-term commitment to the Cardano community and the numerous teams that are building within it, gradually integrating ADA into every single product or service that we offer on our exchange. The addition of an ADA base pair re-affirms our commitment to this coin.”
Bitrue Tireless Support for Cardano and its Ecosystem
Adam notes that the Cardano ecosystem has been rapidly expanding in the past few months, especially following the activation of smart contracts in late September 2021. The marketing officer is confident that ADA’s prominence will continue growing as Cardano cements its position as a choice smart contracting platform, subsequently carving out a decent market share in decentralized finance and other facets. Therefore, by adding ADA as a base currency and pairing the top-10 coin with other equally liquid assets, Bitrue presents a convenient portal for efficient trading.
“The ADA community has been growing fast throughout the world as the coin continues to pass new milestones and prove itself as one of the core currencies of the new digital finance revolution. Similarly, we’ve seen an explosive growth of an ADA fanbase on Bitrue, and it is our great pleasure to provide them with convenient trading pairs utilizing ADA.”
Bitrue has a rich history of supporting Cardano and its ecosystem. In June 2021, Bitrue became the first cryptocurrency exchange to support the trading of native assets following the launch of OccamFi. At the same time, Bitrue is the first to support Cardano’s community stake pools after contributing two million ADA. These were delegated to community pools run by trusted members.
Cardano’s Unique ADA Delegation Structure
Cardano employs a unique staking and delegation structure that gives unparalleled flexibility to ADA delegators. For this reason, the network has, after the completion of the Shelley Phase, become the world’s most decentralized Proof-of-Stake blockchain.
There are over 3k staking pools accepting ADA delegators from across the globe. While they can delegate their valuable assets, ADA holders remain in charge of their assets. This non-custodial arrangement and general flexibility in ADA delegation make it possible for users to trade their delegated assets while also participating in crowd-funding activities like Initial Stake Pool Offerings (ISPOs).
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