Bitcoin Price Drops as Binance and Coinbase Step Up Binance
Cryptocurrency exchange Binance has announced that it will be listing Tether (USDT) on its platform.
This move is likely to increase the liquidity of USDT and make it easier for traders to buy and sell the stablecoin. USDT is a stablecoin that is pegged to the US dollar, making it a popular choice for traders who want to avoid the volatility of other cryptocurrencies.
In addition to Binance, Coinbase has also announced that it will be listing USDT on its exchange. This is a significant development as Coinbase is one of the most popular cryptocurrency exchanges in the world. The listing of USDT on Coinbase is likely to further increase the adoption of the stablecoin.
The price of Bitcoin has fallen sharply in recent days, dropping below $60,000. This decline is likely due to a number of factors, including the recent crackdown on cryptocurrencies by the Chinese government. The listing of USDT on Binance and Coinbase may help to stabilize the price of Bitcoin by providing traders with a more convenient way to buy and sell the stablecoin.
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