PRESS RELEASE. SundaeSwap (SUNDAE) has been added to the list of tradable assets supported by leading cryptocurrency exchange Bitrue. This development comes at a time when the launch of SundaeSwap on Cardano (ADA) was met with many technical issues such as congestion which still continue even now. Still, Cardano developers have stated that fixes are being made and regular operations shall continue as soon as possible.
SundaeSwap may best be understood as a decentralized trading protocol, token-staking platform and DEX powered by the Cardano network that has grown in popularity since its initial release in January of this year. In the week leading up to its introduction, the price of ADA, the native token of the Cardano blockchain, increased by about 50%.
Bitrue’s relationship with Cardano
Bitrue has a long history of working with Cardano projects. With the debut of OccamFi in June 2021, they were the inaugural exchange to enable trading for Cardano native assets, and they were also the first exchange to support community stake pools with contributions of 2,000,000 ADA delegated to pools operated by trustworthy community members.
“We are excited to promote Cardano as one of the industry’s top chains, as we envision a tremendous number of interesting new tokens using the outstanding speeds and throughput that Cardano is able to handle,” stated Adam O’Neill, Bitrue’s Chief Marketing Officer.
SUNDAE, in particular, is a token that Bitrue is delighted to support. SundaeSwap is the very first project to employ Cardano’s new smart contract technology. Mr. O’Neil believes that it is an ideological leader in offering fair financial services to people globally via decentralized networks.
On February 14th, 2022, a SUNDAE/USDT pair shall be made available for trading to all Bitrue users. Some of the other popular choices for trading, buying and selling on Bitrue are Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and many more.
Bitrue, which debuted in July 2018, is a diverse crypto exchange that supports trading, lending, and investments. Bitrue intends to use blockchain technology to provide financial possibilities to everyone, regardless of geography or financial situation. They have offices all over the world and are constantly developing new features to effectively support the new era of the digital economy.
Additional information and regular updates can be found via the official website as well as the exchange’s Twitter, Telegram and Facebook channels.
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Image Credits: Shutterstock, Pixabay, Wiki Commons
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