Binance has recently announced that they would be adding two new trading pairs to their system, both of them including Cardano (ADA). The pairs are ADA-BNB and ADA-USDT. BNB is Binance’s in-house coin, which is no surprise at all, and USDT is, of course, Tether, which is supposed to be the most stable coin out there as it is linked directly to the US Dollar.
Having these two trading options will make it much easier for people to get in and out of ADA, and anytime a major exchange like Binance adds direct trading pairs like this it is going to be a very positive thing for the coin. This has been reflected in the price, which has gone up significantly since the announcement. It is currently trading at $.25, and is now the 7th largest coin based on market cap.
This is just the latest piece of positive news for ADA, which was also recently added to Huobi. Huobi is the second largest exchange in the world, and the largest exchange in China. While ADA is still down from its previous highs, it is certainly making a strong comeback, and if the positive news keeps flowing in, this will certainly be a great coin to watch.