A new TUSD/DOGE trading pair on Binance exchange may act as a bullish stimulant for Dogecoin price.
Cryptocurrency exchange Binance has introduced a new trading pair for Dogecoin, TUSD/DOGE, which has zero maker fees. This is likely to encourage more trading of DOGE on the exchange, which already accounts for more than 20% of the meme coin’s total trading volume. Binance has also offered bonus support for the TUSD/DOGE trading pair. The move comes after Binance switched its zero-fee Bitcoin trading pair from BUSD to TUSD after the Securities and Exchange Commission sent a Wells Notice to Paxos, barring it from issuing the BUSD stablecoin, causing a decline in its market cap. Dogecoin’s price has already risen 1% following Binance’s announcement.
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