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Binance: Additional Litecoin [LTC] and Tron [TRX] pairs announced

Namrata Shukla



Binance: Additional Litecoin [LTC] and Tron [TRX] pairs announced
Source: Pixabay

The largest cryptocurrency exchange by volume, Binance just wrapped up its inaugural Blockchain Week in Singapore January 22 and it is back to business with an announcement about the addition of more trading pairs for Litecoin [LTC] and Tron [TRX].

The exchange announced these pairs to be “LTC/USD, LTC/PAX, LTC/USDC, TRX/PAX and TRX/USDC trading pairs at 2019/01/24 10:00 AM (UTC).”

Recently, Binance also added new trading pairs for Bitcoin Cash [BCH] and Bitcoin SV [BSV]. Like LTC and TRX, BCH and BSV too will be paired with three different US dollar-backed stable coins, which are USD Coin [USDC], TrueUSD [TUSD], and Paxos Standard [PAX].

The trading pair announced for BCH were: BCHABC/TUSD, BCHABC/PAX, and BCHABC/USDC. Similarly, the trading pairs for BSV were: BCHSV/TUSD, BCHSV/PAX, and BCHSV/USDC and these pairs are open for trading, at the time of press.

Binance has also been in news for its active support to BitTorrent [BTT] airdrop program for Tron [TRX] holders and the Blockchain week conducted in Singapore where it announced various activities carried out by the exchange.

The exchange is undertaking an initiative to uplift the children in Africa. The founder and the Chief Executive Officer [CEO] of Binance, Changpeng Zhao said on the occasion:

“There’s two goals… Number one is to spread cryptocurrencies but I think something more important than just donating cryptocurrency to other people, is actually the process of educating people about cryptocurrencies.”

Zhao informed the audience about a new initiative which will enable them to feed lunch to one child in Africa with every Binance coin [BNB] donated. James Radecki, Global BD head of crypto trading firm Cumberland, agreed to match all donations in Binance coin [BNB] received from Binance.

The CEO also took the opportunity to reflect upon the sudden rise in crypto prices in 2017, reported Micky. The CEO said:

“I believe… at the end of 2017 there was definitely an overshoot on the price side… There was a lot of guys rushing in, very simple projects with very simple whitepapers. Then of course, as everybody rushed in…once that massive rush-in finishes the price declines.”

He believes that the bear market has extended beyond reasonable levels and this could be the longest bear markets of all in the history of Bitcoin [BTC]. The CEO in his personal opinion said that they are “actually overshooting on the lower side now”.

However, he did not lose faith in the crypto-world and is very confident that this space “will get so much bigger; we just got to be prepared for when that happens.”

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