- The Singapore exchange intends to introduce ADA as the base currency for tokens including SOL, AVAX, and MATIC.
- Bitrue has shown its commitment to promoting growth in the Cardano network through a series of initiatives
Singapore-based exchange Bitrue, popular for Ripple’s XRP, has become the latest entity in the crypto industry to launch an initiative to fuel Cardano’s growth. The cryptocurrency exchange ad yesterday that it would adopt Cardano’s ADA as the sixth spot trading base coin.
With the announcement, the first ADA pairs will be released tomorrow, February 24. These will include pairs for ETH, SHIB, XDC, MATIC, SOL, AVAX, LTC, GALA, ICP, and MANA. Users will gain the ability to use a number of features that come with such trading pairs, such as trading in ADA directly (without exchanging with another currency).
Bitrue will add more pairs over time.
Ambition to serve a growing community
Bitrue CMO Adam O’Neill pointed to the rapid growth Cardano has been seeing as part of the reason the exchange took this path. With the increased adoption of its ADA token, it became necessary to provide Cardano pairs.
“The ADA community has been growing rapidly around the world as the currency continues to pass new milestones and prove itself as one of the core currencies of the new digital financial revolution. Similarly, we have seen an explosive growth of an ADA fan base on Bitrue, and it is our great pleasure to provide you with convenient ADA trading pairs.“, he explained.
Commitment to the growth of the Cardano ecosystem
Bitrue is one of the entities in the crypto space that has shown a strong belief in the Cardano network. As O’Neill reiterated, the exchange is dedicated to the community, as evidenced by the gradual integration of ADA into its products.
Bitrue has demonstrated a long-term commitment to the Cardano community and the many teams being built within it, gradually integrating ADA into every product or service we offer on our exchange. The addition of an ADA base pair reaffirms our commitment to this coin.”
Last June, Bitrue he turned in the first exchange to bet on the Cardano community ecosystem, delegating 1 million ADA tokens to the public participation group 1LOVE. The exchange was also the first platform to list native Cardano assets for trading.
More recently, the exchange announced the debut of Cardano’s SundaeSwap DeFi protocol governance token SUNDAE.