Binance, one of the world's largest cryptocurrency exchanges, announced that it has added three new altcoin trading pairs to its platform.
Cryptocurrency Exchange Binance Announces Adding DOGE/TUSD, USDT/ARS and WBTC/USDT Trading Pairs
Users will be able to trade between Dogecoin (DOGE) and TrueUSD (TUSD) and Wrapped Bitcoin (WBTC) and Tether (USDT) on the Binance exchange from 2023-04-28 11:00.
In addition, Binance will add a trading pair for Argentine peso (ARS) and USDT, and trading USDT/ARS will start from 2023-04-28 3:00 PM.
This move is likely aimed at increasing accessibility for users in Argentina and providing them with a more convenient way to trade cryptocurrencies.
Starting out as a joke cryptocurrency, DOGE has gained immense popularity in recent years and is now one of the most widely traded cryptocurrencies in the world.
The addition of the DOGE/TUSD trading pair to Binance will give users more flexibility and choice when it comes to DOGE trading.
On the other hand, WBTC is a tokenized version of Bitcoin that runs on the Ethereum blockchain. It has gained popularity as a way to use Bitcoin on decentralized finance (DeFi) platforms where it can be used to earn interest or provide liquidity.
The addition of the WBTC/USDT trading pair to Binance will provide more opportunities for traders to access the DeFi ecosystem.
The addition of the USDT/ARS trading pair is important as it will allow users in Argentina to directly trade cryptocurrencies in local currencies instead of having to convert to a stablecoin like USDT first.
This move is likely to make it easier for users in Argentina to enter and exit the cryptocurrency market and hedge against inflation in the Argentine peso.
Overall, the addition of these new trading pairs is expected to bring more liquidity and trading volume to the Binance exchange, which could benefit investors.
*Not investment advice.