Binance opens two new markets for Cardano and NEO

26 Mar, 2019
by Jelmer van der Dussen
Binance opens two new markets for Cardano and NEO

Binance is opening more markets for the stablecoins Paxos Standard ($PAX) and USD Coin ($USDC) on Wednesday. In a statement released on Tuesday, the exchange announces that it will open trading for Cardano and NEO in pairs with PAX and USDC.

For both ADA and NEO it's the sixth and seventh pair on the Binance exchange. Next to PAX and USDC, Cardano and NEO are also available for trading against Binance Coin, Bitcoin, Ethereum, TrueUSD and Tether. PAX and USDC now have 18 pairs: ADA, BCHABC, BCHSV, BNB, BTC, BTT, EOS, ETH, LINK, LTC, NEO, TRX, USDC, USDS, WAVES, XLM, XRP and ZEC.

PAX is a regulated stablecoin issued by the Paxos Trust Company and pegged one-to-one to the dollar. USDC is also pegged to the dollar, and is the stablecoin created by Coinbase. There are three other stablecoins on the Binance exchange: Tether, TrueUSD and the recently listed USDS (Stronghold USD), which is available for trading against BNB and BTC.

Cardano is currently ranked 10th on Coinmarketcap with a market cap of over $1.5 billion. ADA is experiencing an upwards trend in the last week, climbing from $0.050 to $0.061. Even during the dip in the market the last few days, Cardano is holding strong. NEO is ranked 17th with a market cap of over $580 million.

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Add a comment

for me it looks like that the most of the existing tokens have been copied from successful model of tether...
27 Mar, 2019 - 08:19
it is true
most stablecoins are copies of tether
ot the best copies, I should say
15 Apr, 2019 - 20:23
why binance has decided to list ADA against PAX and not tether that is also stablecoin and has much higher trading volume
28 Mar, 2019 - 08:34
binance keep on adding new stablecoin and other assets. i wonder if they would add new USDT-TRX stablecoin when this will be launched
29 Mar, 2019 - 09:29
what is the point of adding these stablecoins? maybe it was better to trade these assets against tether, DAI or even BNB?
01 Apr, 2019 - 16:51
I’m confident – Tether will never be beaten by Cardano, the first is just much bigger
10 Apr, 2019 - 12:36
Think that Tether is from another league, too early for Cardano to try to fight with Tether
10 Apr, 2019 - 16:26
these stablecoins were totally copied from the tether model by their creators
16 Apr, 2019 - 12:44
and what is the point of creating one similar token? pegged model to USD was firstly used by tether and then other companies have seen the potential in this model as well
19 Apr, 2019 - 08:04

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