After on April 15, Huobi Pro, one of the world’s largest cryptocurrency exchanges announced the listing of Cardano (ADA) on its platform, now another giant trading platform is listing a new pair for the cryptocurrency. Binance announced its users that starting April 17 ADA/USDT will be available for trading on the platform.
— Binance (@binance) April 17, 2018
Since the Huobi announcement, ADA saw a considerable increase in trading volume. The cryptocurrency is holding at the moment more than 5 percent from the total trading volumes. This increase is very remarkable since the second largest cryptocurrency, ethereum owns 10 percent of the total trading volumes.
With the latest implementations, ADA grew more than 20 percent in a short time. With a price at around $0.25 per coin, the cryptocurrency has regained some of its strength after the recent market crash.
The new pair USDT/ADA can influence the price of the coin in the future since Binance is known to have the most significant holders of USDT.
The team behind ADA is formed from well-known academicians and among the developers is the former co-founder of ethereum Charles Hoskinson. The cryptocurrency was launched on the market last year in October without an initial coin offering. And at an initial price of $0.003 ADA had a market cap of more than $700 mil. The rumors at that time were suggesting that the coin was backed up by major Japanese banks and businesses, a story which has been confirmed.