Binance added Cardano as the new USD Tether trading pair to their platform in addition to NEO, QTUM, ETH, BTC, BNB, BCC and LTC. Binance added Cardano (ADA) which shot past 50,000 wei (3300 sat) as soon as the pair was listed. The trading pair ADA/BNB has also been added to the platform.  Could XRP be next?

Chart for Cardano/Bitcoin (ADA/BTC)

Price skyrockets after Binance lists ADA/USDT on April 16th 2018

Cardano has been appreciating in value steadily since April 16. The coin pushed a big green candle as soon as the new USDT pair was added to Binance. ADA is one of the biggest losers of this year’s bear market as it went from an all-time high of $1.35 on January 4th 2018 to a low of nearly 12 cents, resulting in a loss of value of more than 90%. Nonetheless, Cardano remains as one of the top 10 coins on most coin ranking websites.

The minimum amount for withdrawal of Cardano on Binance remains 4 ADA and the cost per transaction is 1 ADA plus the standard .1% trading fee.

Source: Binance (2018). Binance Adds ADA/BNB and ADA/USDT Trading Pairs




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