Binance, the biggest cryptocurrency exchange in the world added two new pairs of the stable coin, Tether [USDT], which sits on the sixth position on the cryptocurrency rankings. In its official announcement, Binance also warned investors against the risk that is present in the cryptocurrency market wherein it wrote:
“Risk warning: cryptocurrency investment is subject to high market risk. Please make your investments cautiously. Binance will make best efforts to choose high quality coins, but will not be responsible for your investment losses.”
Tron and Cardano, the newly added pairs with USDT have had their own struggles with each other as they vie for the tenth spot on the cryptocurrency rankings. About two weeks back, TRX surpassed ADA to claim its position in the top-10 coins.
There is a gap of merely a million dollars in the market caps of both the coins as Tron’s market cap is calculated at $9.6 million whereas Cardano’s market cap currently remains at $8.7 million. The 24-hour trade volume of both the coins differ by about $5 million wherein Tron has more trade volume than ADA.
On the reports related to Binance, the news recently came out that it is one of the only cryptocurrency exchanges, apart from Bitfinex that does not fake its cryptocurrency trade volume. Moreover, the report published by Blockchain Transparency revealed that most of the top-25 cryptocurrency exchanges display fake trade volumes on their charts.
CoinMarketCap [CMC], that still remains one of the most popular crypto-data collectors in the blockchain space has come across many allegations of displaying manipulated figures. The report marked this trait of the online portal and confirmed the claims made earlier regarding price manipulation and fake figures of CMC.
Xrp33AG66global, a Twitter user commented:
“Xrp which is bigger in market, popularity and soon to be 1, doesn’t get a pair it doesn’t make sense?”
TSejdiu, another Twitter user said:
“Is there more coins coming with usdt and bnb maybe Salt coin bitcoin diamond and monero!?”
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