MAJOR CRYPTO EXCHANGE ADDS SUPPORT FOR CARDANO (ADA) TRADING AGAINST BITCOIN (BTC)
Cryptocurrency trading is an important integral part of crypto-economics which involves price directions and positions taken by traders based on these deductions. Trading a Cryptocurrency is usually against other Cryptocurrencies, and these are called trading pairs.
MEXC Global has made it possible for crypto traders to trade other Cryptocurrencies like Cardano(ADA) against Bitcoin.
According to reports, this Tuesday MEXC Global, which is a cryptocurrency exchange has made it possible for its users to trade well-known crypto tokens including the likes of ADA, Tron(TRX), and EOS.
ABOUT MEXC GLOBAL
MEXC Global is a digital asset trading platform that was founded in 2018 and has its headquarters located in Seychelles and is operational in over 200+ countries and regions. The exchange runs a high-performance platform known for its mega transaction technology, this successfully caters to its volume of users ranking over 6 million. The exchange can handle about 1.4 million transactions per second.
MEXC Global has received key licenses and jurisdictions to operate in countries like the United States, Australia, and Estonia. As part of customer service, MEXC Global has local language support for users in other regions and countries, this is to ensure trading is seamless.
As of back in January, MEXC Global the exchange listed BONE on its exchange, the governance token for Bone ShibaSwap.
MEXC continued adding support for other Cryptocurrencies like Shiba Inu and Doge against USDC stablecoin by Circle. This was in May 2022.
It is worthy to note that the recently added trading support for Cardano(ADA) is very timely. From the charts, ADA has surpassed Ripple’s XRP token. This was after a rally in the previous week. It is equally kind to say that Cardano’s (ADA) price propulsion this week is a result of the buzz about the Vasil hard fork. This received a lot of hype as it is said to enhance the efficiency of this POS blockchain.
The Vasil hard fork is intended to bring many upgrades to the network’s capacity and also the chain’s smart contract that goes by the name Plutus. Plutus facilitates DApp (decentralized applications) development.
Essentially, the key reason for the Vasil hard fork is to upgrade the network for a better user experience. Developers are also incorporated in the plan, as there would equally be an upgrade to dev development experience for the developers on Cardano using the Plutus smart contract for Dapps.
Although the date for the hard fork launch hasn’t yet been made public.