- Bitrue exchange will add ADA as its base pair soon.
- Major popular cryptos including FLUX, DGB, RSR, GAS, SNT, CTSI, BNT, LOOM and KNC will be linked to ADA for trading.
It is no secret that Bitrue has been working with Cardano (ADA) for a long time now, and their relationship will witness the next chapter as the former looks to add ADA as a base pair on the popular crypto exchange. While Cardano’s native token will serve as the base pair, other major cryptos including FLUX, BNT and LOOM will eventually be linked to ADA for trading.
Understanding Bitrue
There are so many crypto exchanges in this day and age, so some may be wondering as to what Bitrue may offer that could set it apart from the competition. Bitrue, which launched in July 2018, is a comprehensive crypto exchange that allows for successful trading, loans, and investing opportunities.
Bitrue promises to leverage blockchain technology to make financial opportunities available to everyone, regardless of geographical location or financial position. They have offices all around the world and are continually creating new features to successfully adapt to the burgeoning new wave of the digital economy and the inevitable shift to Web 3.0.
Bitrue to continue to foster a relationship with Cardano
‘Bitrue has shown a huge commitment to the Cardano environment and the numerous teams that are forming within it, gradually embedding ADA into every commodity and service being offered,’ says Adam O’Neil, Bitrue’s Chief Marketing Officer.
The addition of an ADA base-pair indicates our ongoing support for Cardano’s native currency, he added. With that being said, the first currencies to be paired with ADA will be FLUX, DGB, RSR, GAS, SNT, CTSI, BNT, LOOM and KNC.
More trading pairs will be added as the week progresses, which will only add more utility to the exchange due to increased diversity. This isn’t the first time that Bitrue has worked with Cardano as previously mentioned, as it was during June of 2021 that OccamFi had been launched and Bitrue had been established as the first cryptocurrency exchange to successfully provide trading capabilities for various Cardano native assets.
In addition, it was also the inaugural exchange to support the community-led stake pools that received donations of over 2,000,000 ADA.