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.
On Thursday, the biggest cryptocurrency exchange in the world, Binance, announced the addition of the DOGE/TUSD trading pair in an attempt to boost Dogecoin trade volume. Dogecoin is now available on Binance alongside the USDT and BUSD trading pairs.
Binance is the dominant Dogecoin trading platform, therefore their action is likely to cause a quick price surge that might push DOGE over $1. The DOGE/TUSD listing on Binance wasn’t met with instant enthusiasm by the trading community as the price didn’t rally.
Binance has announced that the TUSD trading pair for Dogecoin will be live on April 27. Beginning at 08:00 UTC on April 28th, trading in DOGE/TUSD will commence. Both the USDT/ARS and WBTC/USDT pairs are now available on Binance.
Increased Volume for DOGE Expected
Additionally, the crypto exchange has announced that the DOGE/TUSD and WBTC/USDT trading pairs would be added to the Binance Spot Grid within 2 days after the pairings’ respective trading openings.
The TrueUSD team went to Twitter to announce Binance’s latest initiative to increase the TUSD stablecoin’s visibility in the market. Since U.S. authorities cracked down on BUSD, Binance has shifted to the lesser-known TUSD.
After terminating fee-free Bitcoin trading for all pairings last month, the exchange currently only allows fee-free trading in the TUSD pair.
In terms of daily volume, Binance is by far the largest cryptocurrency exchange. It is anticipated that the DOGE/TUSD would increase Dogecoin’s total trading volume. Both liquidity and the price of DOGE will benefit from this. According to CMC, the Dogecoin price today is $0.080856 USD with a 24-hour trading volume of $706,139,269 USD. Dogecoin is down 1.62% in the last 24 hours.