thenewscrypto.com
- Dogecoin is now available on Binance alongside the $USDT and $BUSD trading pairs.
- The $TUSD trading pair for Dogecoin will be live on April 27.
On Thursday, the biggest cryptocurrency exchange in the world, Binance, announced the addition of the $DOGE/$TUSD trading pair in an attempt to boost Dogecoin trade volume. Dogecoin is now available on Binance alongside the $USDT and $BUSD trading pairs.
Binance is the dominant Dogecoin trading platform, therefore their action is likely to cause a quick price surge that might push $DOGE over $1. The $DOGE/$TUSD listing on Binance wasn’t met with instant enthusiasm by the trading community as the price didn’t rally.
.@binance will add $DOGE/$TUSD trading pair at Apr 28th 08:00 (UTC)
— TrueUSD (@tusdio) April 27, 2023
Binance Spot Grid will be enabled for the trading pair within 48 hours of the trading start time. https://t.co/b1qqU3R7Qu
Binance has announced that the $TUSD trading pair for Dogecoin will be live on April 27. Beginning at 08:00 UTC on April 28th, trading in $DOGE/$TUSD will commence. Both the $USDT/ARS and WBTC/$USDT pairs are now available on Binance.
Increased Volume for $DOGE Expected
Additionally, the crypto exchange has announced that the $DOGE/$TUSD and WBTC/$USDT trading pairs would be added to the Binance Spot Grid within 2 days after the pairings’ respective trading openings.
The TrueUSD team went to Twitter to announce Binance’s latest initiative to increase the $TUSD stablecoin’s visibility in the market. Since U.S. authorities cracked down on $BUSD, Binance has shifted to the lesser-known $TUSD.
After terminating fee-free Bitcoin trading for all pairings last month, the exchange currently only allows fee-free trading in the $TUSD pair.
In terms of daily volume, Binance is by far the largest cryptocurrency exchange. It is anticipated that the $DOGE/$TUSD would increase Dogecoin’s total trading volume. Both liquidity and the price of $DOGE will benefit from this. According to CMC, the Dogecoin price today is $0.080856 USD with a 24-hour trading volume of $706,139,269 USD. Dogecoin is down 1.62% in the last 24 hours.
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