- 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.
Binance, the largest cryptocurrency exchange in the world, announced on Thursday that it will add a new DOGE/TUSD trading pair. This addition is an attempt to increase the trading volume of Dogecoin. Users can now trade Dogecoin on Binance with two other trading pairs, USDT and BUSD.
Binance is a popular place for people to trade Dogecoin. They added a new way for people to trade Dogecoin called DOGE/TUSD. This might make the price of Dogecoin go up quickly and reach $1. However, when Binance added this new way to trade Dogecoin, it didn’t cause the price to go up right away.
Binance Spot Grid will be enabled for the trading pair within 48 hours of the trading start time. https://t.co/b1qqU3R7Qu
— TrueUSD (@tusdio) April 27, 2023
Binance has informed that the Dogecoin TUSD trading pair will be active from April 27. From April 28, trading in DOGE/TUSD will begin at 08:00 UTC. Also, the USDT/ARS and WBTC/USDT pairs are now available on Binance.
Dogecoin is expected to have higher trading activity because of the addition of the DOGE/TUSD trading pair on Binance, which is the world’s largest cryptocurrency exchange. This move is expected to generate more interest in Dogecoin and increase its trading volume.
Moreover, Binance has also revealed that they will add DOGE/TUSD and WBTC/USDT trading pairs to the Binance Spot Grid shortly after the start of trading for these pairs.
The TrueUSD team posted on Twitter to share the news of Binance’s effort to make the TUSD stablecoin more popular in the market. Binance has turned to TUSD after US authorities took action against BUSD.
Last month, Binance stopped allowing Bitcoin trading without fees for all pairs. Currently, only trading with the TUSD pair is allowed without fees.
Binance is the biggest exchange for cryptocurrencies, and it’s expected that adding DOGE/TUSD trading will increase Dogecoin’s trading volume. This will help increase the liquidity and price of DOGE. Currently, Dogecoin’s price is $0.080856 USD, and it has a trading volume of $706,139,269 USD in the last 24 hours. However, it’s down by 1.62% in the last 24 hours.