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The largest exchange of cryptocurrencies by volume, Binance has just concluded its inaugural Blockchain Week in Singapore on January 22 and returns to business with an announcement on the addition of more trading pairs for Litecoin [LTC] and Tron [TRX].
The exchange has announced that these pairs will be "LTC / USD, LTC / PAX, LTC / USDC, TRX / PAX and TRX / USDC trading pairs on 2019/01/24 10:00 AM (UTC)."
Recently, Binance has also added new trading pairs for Bitcoin Cash [BCH] and Bitcoin SV [BSV]. Similar to LTC and TRX, also BCH and BSV will be combined with three different stable currencies supported by the US dollar, which are USD Coin [USDC], TrueUSD [TUSD]and Paxos Standard [PAX].
The trading pairs announced for BCH were: BCHABC / TUSD, BCHABC / PAX and BCHABC / USDC. Similarly, BSV trading pairs were: BCHSV / TUSD, BCHSV / PAX and BCHSV / USDC and these pairs are open for trading at the time of printing.
Binance has also been in the news for his active support at BitTorrent [BTT] flight schedule for Tron [TRX] the owners and the Blockchain week conducted in Singapore where he announced various activities carried out by the exchange.
The exchange is undertaking an initiative to raise children in Africa. The founder and the CEO [CEO] of Binance, said Changpeng Zhao for the occasion:
"There are two objectives … The first is to spread cryptocurrencies, but I think that something more important than the donation of cryptocurrency to other people is actually the process of educating people about cryptocurrencies".
Zhao has informed the public about a new initiative that will allow them to feed a child in Africa with every Binance coin [BNB] donated. James Radecki, head of the Cumberland encryption company, Global BD, has agreed to match all donations in the Binance currency [BNB] received from Binance.
The CEO also took the opportunity to reflect on the sudden rise in encryption prices in 2017, Micky said. The CEO said:
"I think at the end of 2017 there was certainly an overshoot on the price side … There were a lot of guys rushing in, very simple projects with very simple white papers, then, of course, when everyone was fall in … once the massive influx ends, the price decreases. "
He believes the bear market has gone beyond reasonable levels and this could be the longest bear market in the history of Bitcoin [BTC]. The CEO, in his personal opinion, said that "they are effectively exceeding the lower limit".
However, it has not lost faith in the cryptographic world and is very confident that this space "will become much bigger, we just have to be prepared for when that happens."
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