By Solomon Odunayo
Binance, the arguably largest cryptocurrency exchange by trading volume has recently announced the addition of 8 new crypto assets to its conversion function.
The cryptocurrencies added are Cardano (ADA), Ethereum (ETH), Litecoin (LTC), Binance Coin (BNB), XRP, Monero (XLM), Verge (XVG) and Tron (TRX).
According to the report, the conversion ratio will be set by the market price. The feature is available to all users on the ‘Convert’ page.
Binance.US notifies that Cardano (ADA) against US Dollar is Now Tradable on its App Version
Binance.US has some days ago notified the Cardano community members that the digital currency Cardano (ADA) is presently tradable on its App version.
The United States’ version of Binance exchange made this known via its official Twitter handle on 8th February 2020.
The cryptocurrency exchange added that Cardano (ADA) against the US Dollar (ADA/USD) and more trading pairs are available with the Binance.US App.
The exchange shared this, “Binance.US shared this, “Access Cardano, a peer-reviewed third-generation smart contract platform, at Binance.US. Trade ADA/USD and more available with the Binance.US App.”
Access #Cardano, a peer-reviewed third generation smart contract platform, at https://t.co/AZwoBOgsqS.
Trade $ADA/USD and more available with the https://t.co/AZwoBOgsqS App.
Download now! 📲 https://t.co/zrgbaBgTew pic.twitter.com/XonFh6U4GU
— Binance.US 🇺🇸 (@BinanceUS) February 8, 2020
Performances of the Top Cryptocurrencies in the Market
The cryptocurrency market is in the red zone presently after hours of gains. Among the top 20 digital currencies, only Huobi Token (HT) has been outstanding with little or no losses and a relatively 9% price uptrend in the last 24 hours.
Cardano (ADA) presently occupies 11th position, giving way to Tezos (XTZ) that now fills 10th position after a long tussle of supremacy between the duos. At the time of filing this report, ADA is trading at
Bitcoin (BTC), the largest cryptocurrency by market capitalization leads the price downtrend with a 2.48% price loss in the last 24 hours.
BTC once enjoyed its stay above $10,000 resistance level after a mini price parabolic movement about 2 days ago. Litecoin (LTC) maintains its 6th position slightly above Tether (USDT) with $4,705,251,744 market capitalization.