Binance adds new trading pairs for Litecoin [LTC] and Tron [TRX] to Its Stablecoin Market

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Barely a day after concluding its four-day inaugural Blockchain Week event in Singapore, Binance – the leading cryptocurrency exchange by trade volume – is now expanding its listings with new trading pairs for Litecoin [LTC] and Tron [TRX] cryptocurrencies.

The new pairings will be based upon three stable-coins pegged to the US dollar, i.e., Paxos Standard (PAX), Circle’s USD Coin (USDC) and the True USD (TUSD). In a blog announcement, Binance listed the following new pairs: LTC/TUSD, LTC/PAX, LTC/USDC, TRX/PAX, and TRX/USDC. These pairings are scheduled to launch on the 24th, January 2018 at 10:00 AM (UTC).

binance stablecoins

It’s been only a couple of days since Binance announced the launch of new pairings for the Bitcoin Cash fork variants ABC and SV. The Bitcoin Cash pairings that went live on the 22nd January 2018 were also paired against stable coins similar to Litecoin and Tron as announced today.

Those pairings included the following: BCHABC/TUSD, BCHABC/PAX, BCHABC/USDC, BCHSV/TUSD, BCHSV/PAX, BCHSV/USDC. It is worth noting that following the highly contentious Bitcoin Cash fork of November, Binance chose not to rename its trading pairings in regards to the results of the fork.

At the time, Binance CEO twitted that

“One thing about the fork, these symbol names will stay. Binance will not support changing of trading symbols later. If anyone asks for it later, let’s refer them back to this tweet.” He further added his displeasure in forks.

“Let’s get this stupid fork over with already. I honestly don’t like forks,” he added.

Recently Binance has been in the news for supporting the crowdsale of the soon-to-be-launched BitTorrent Token (BTT) which is a Tron affiliated project. BTT became also part of the first projects to be launched on the relaunched Binance Launchpad. Binance thus becomes one of the other few exchanges to support the BTT airdrop campaign which entails the airdrop of BTT tokens to holders of Tron tokens on the platform.