Bitrue introduces ADA as base currency, more to follow

Cryptocurrency exchange Bitrue is now supporting ADA as a base currency, Invezz learned from a press release. This is not the beginning of cooperation between the Cardano blockchain and the exchange. They have a history of working together.

Bitrue was first to enable ADA trading

With the debut of OccamFi in June last year, Bitrue became the first exchange to allow trading for Cardano’s native token (ADA/USD). They are also the first exchange to support community stake pools. 2 million ADA has been delegated to pools operated by trustworthy community members.

Adam O’Neill, Bitrue’s Chief Marketing Officer, commented:

Many major cryptos linked to ADA

Initially SOL, ETH, XDC, LTC, ICP, AVAX, MATIC, SHIB, GALA, and MANA will be linked with ADA. These ten trading pairs with ADA as the basis coin were introduced today, February 24. Additional trading pairs will be added every week. O’Neill added:

About Cardano

Cardano is one of the biggest blockchains to successfully use a proof-of-stake consensus mechanism, which is less energy intensive than the proof-of-work algorithm relied upon by Bitcoin.

The ecosystem has taken pride in ensuring that all of the technology developed goes through a process of peer-reviewed research.

This academic rigor helps the blockchain to be durable and stable — increasing the chance that potential pitfalls can be anticipated in advance.

About Bitrue

Bitrue supports trading, lending, and investments. It intends to use blockchain technology to provide financial possibilities to everyone, regardless of geography or financial situation.