Binance Expands Its Stablecoin Market with New Pairs for LTC, TRX, BCHSV and BCHABC
Earlier today, the popular cryptocurrency exchange of Binance announced that it will be adding additional trading pairs for Litecoin (LTC) and Tron (TRX). The new trading pairs will be in Binance’s Stablecoin Market and will be as follows:
Trading of the new stablecoin pairs with LTC and TRX will begin tomorrow, the 24th of January, at 10am UTC.
BCHABC and BCHSV Stablecoin Pairs
This move to add more stablecoin pairs for LTC and TRX comes only two days after the exchange opened trading for additional pairs of Bitcoin Cash SV (BCHSV) and Bitcoin Cash ABC (BCHABC). The trading pairs went live on the 22nd of January. They are as follows:
To note, is that the exchange chose not to rename the coins that were as a result of the Bitcoin Cash hard fork of November last year. Chanpeng Zhao explained on twitter that the names will stay as is. The tickers would not be adjusted once the dust had settled from the Hash Wars.
One thing about the fork, these symbol names will stay. Binance will not support changing of trading symbols later. If anyone asks for it later, let’s refer them back to this tweet.
CZ’s tweet can be found below.
One thing about the fork, these symbol names will stay. Binance will not support changing of trading symbols later. If anyone asks for it later, let's refer them back to this tweet. https://t.co/j1h3gb4edQ
In the last few days, Binance has also added stablecoin pairs for Waves (WAVES) and Chainlink (LINK) as follows:
WAVES/USDT, WAVES/TUSD, WAVES/PAX and WAVES/USDC
LINK/USDT, LINK/TUSD, LINK/PAX and LINK/USDC
About Binance’s Stablecoin Market (USDⓈ)
The exchange renamed its Tether (USDT) market to a Combined Stablecoin Market (USDⓈ) late November last year. The new market included prominent cryptocurrencies paired with the other stablecoins of Paxos Standard (PAX), True USD (TUSD) and USD Coin (USDC) as well as USDT. The move was aimed at supporting more trading pairs with different stablecoins as a base.
What are your thoughts on Binance expanding its stablecoin market to include more pairs for Tron (TRX), Litecoin (LTC) and Bitcoin Cash ABC (BCHABC)? Please let us know in the comment section below.
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