Skip to main content

Bitrue To List SundaeSwap As Cardano’s DEX Gets Off To A Rocky Start

PRESS RELEASE. SundaeSwap (SUNDAE) has been added to the list of tradable assets supported by leading cryptocurrency exchange Bitrue. This development comes at a time when the launch of SundaeSwap on Cardano (ADA) was met with many technical issues such as congestion which still continue even now. Still, Cardano developers have stated that fixes are being made and regular operations shall continue as soon as possible.

SundaeSwap may best be understood as a decentralized trading protocol, token-staking platform and DEX powered by the Cardano network that has grown in popularity since its initial release in January of this year. In the week leading up to its introduction, the price of ADA, the native token of the Cardano blockchain, increased by about 50%.

Bitrue’s relationship with Cardano

Bitrue has a long history of working with Cardano projects. With the debut of OccamFi in June 2021, they were the inaugural exchange to enable trading for Cardano native assets, and they were also the first exchange to support community stake pools with contributions of 2,000,000 ADA delegated to pools operated by trustworthy community members.

“We are excited to promote Cardano as one of the industry’s top chains, as we envision a tremendous number of interesting new tokens using the outstanding speeds and throughput that Cardano is able to handle,” stated Adam O’Neill, Bitrue’s Chief Marketing Officer.

Listing SUNDAE

SUNDAE, in particular, is a token that Bitrue is delighted to support. SundaeSwap is the very first project to employ Cardano’s new smart contract technology. Mr. O’Neil believes that it is an ideological leader in offering fair financial services to people globally via decentralized networks.

On February 14th, 2022, a SUNDAE/USDT pair shall be made available for trading to all Bitrue users. Some of the other popular choices for trading, buying and selling on Bitrue are Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and many more.

About Bitrue

Bitrue, which debuted in July 2018, is a diverse crypto exchange that supports trading, lending, and investments. Bitrue intends to use blockchain technology to provide financial possibilities to everyone, regardless of geography or financial situation. They have offices all over the world and are constantly developing new features to effectively support the new era of the digital economy.

Additional information and regular updates can be found via the official website as well as the exchange’s Twitter, Telegram and Facebook channels.

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.



from Bitcoin News https://ift.tt/6IcaLhy
Labels:

Comments

Post a Comment

Popular posts from this blog

Deep Web Roundup: Dream Adds Monero and Bitcoin Tumbler “Chip Mixer” Launches

The darknet has been quiet of late, which is the way it’s meant to be. No news means no mega busts, honeypots, or mass market shutdowns. Even when it’s out of the spotlight though, the deep web is quietly making news, whether trialling the latest privacy coins or the newest coin mixers that promise to restore a little of the privacy that’s being stripped away from bitcoin users on a daily basis. Also read: U.S. Agency ICE Conducts Investigations That Exploit Blockchain Activity The Battle for Privacy Heats Up Privacy is all relative, but of late there’s been relatively little privacy to be enjoyed by bitcoin users. Blockchain monitoring software is becoming more sophisticated and more common, with U.S. law enforcement agencies using it to profile and hunt down deep web users. Chip Mixer is a relatively new bitcoin tumbler that’s designed to restore some of that privacy. Available on both the clearnet and darknet, the service uses a variety of techniques to obfuscate blockchain m
10 comments
Read more

International Crypto Exchange Luno Adds Bitcoin Cash Trading

Luno exchange has added bitcoin cash trading to the platform following feedback from its client base. BCH is now only the third cryptocurrency available for trading on the exchange, in addition to BTC and ETH , but more options could be on the way once Luno determines that they are credible enough. Also Read: Bitflyer Adds Bitcoin Cash Trading Across Europe and the US Luno Adds Bitcoin Cash Trading Luno, the London-headquartered company formerly known as Bitx, recently announced that bitcoin cash was made available on its cryptocurrency exchange. Starting from Monday, September 23, customers at Luno are now able to store, buy and sell BCH on the platform. The reason given for adding BCH to the exchange is feedback from users in developing markets that convinced Luno to expand their offering from previously just BTC and ETH . Marcus Swanepoel, CEO of Luno, said , “We are in a new and exciting financial era. Developing economies are leading the large-scale adoption and appli
Post a Comment
Read more

Ombudsman Receives Complaints About Crypto Investments in Spain

The Spanish ombudsman has been receiving complaints about cryptocurrency and how some Spanish citizens investing in these vehicles have lost everything. In his annual report, Angel Gabilondo recognized the rise of cryptocurrencies as a new problem due to the little or no regulation crypto sees in the country. In the same way, the EU has also warned about these assets recently. Spanish Ombudsman Gives His Take on Crypto Angel Gabilondo, the Spanish ombudsman, has given his take regarding cryptocurrencies and the effects they have on citizens investing in some of these projects. Gabilondo said in his yearly report that cryptocurrencies have become “a new problem” during the year examined, with many people having lost all of their funds invested. The report states : Cryptocurrency exchange companies or platforms are not regulated in the legal system, are not subject to any public supervision system, nor do they benefit from deposit guarantee systems. The affected users that sought
Post a Comment
Read more