- February 14, 2022
- Posted by: admin
- Category: BitCoin, Blockchain, Cryptocurrency, Investments
Bitrue has announced that it will be adding SundaeSwap’s native token SUNDAE to its list of traceable assets. The trading platform which enables users to maximize their crypto holdings through high APY returns on staked assets has continued to expand the digital assets that its users can access. It’s part of Bitrue’s commitment to make the platform a one-stop-shop of investments purposes for its clients.
SundaeSwap is a decentralized trading protocol on the Cardano network that has taken the decentralized finance (DeFi) space by storm. Its popularity has grown tremendously in its short lifetime, as well as acting as a catalyst for ADA, Cardano’s native token. ADA had rallied 50% off of the anticipation of the launch of SundaeSwap alone.
SUNDAE will list on Bitrue on February 14th (PST), a valentine’s day gift to its users. Bitrue will launch a SUNDAE/USDT trading pair on the same day that would be open for trading for all Bitrue users.
Bitrue Supporting Cardano’s Decentralization
One of the most endearing features of the Cardano network is its decentralization. To this end, Bitrue is helping to further this decentralization by supporting protocols that are domiciled on the blockchain. The crypto exchange is known for being a staunch supporter of the Cardano ecosystem. It was the first to list OccamFi, a native asset on the Cardano network, and this support is carried through with the addition of the most popular decentralized exchange (DEX) protocol on the blockchain.
Adam O’Neill, Chief Marketing Officer at Bitrue, expressed the crypto exchange’s support for the Cardano network. “We are looking forward to supporting Cardano through 2022 as one of the industry’s leading chains, as we are seeing a huge number of promising new coins leveraging the impressive speeds and throughput that Cardano is able to support,” said O’Neill.
The listing of SUNDAE is another step towards providing a wider range of assets for Bitrue’s users, which O’Neill expressed excitement towards. “SUNDAE in particular is a coin that we are excited to throw our weight behind. It is the first project to utilize the new smart contract functionality of Cardano and ideologically it is a leader in providing fair financial services through decentralized networks to users worldwide,” he added.
