VICTORIA, Seychelles, July 2, 2024
/PRNewswire/ -- Ripple, developers of top 10 coin XRP,
along with the leading cryptocurrency exchange Bitrue,
have recently released a new promotional video highlighting the
history of support that Bitrue has shown towards the XRPL
community.
This short video, filmed at Paris Blockchain Week in April of
2024, details Bitrue's involvement in the XRP
ecosystem since its launch in 2018. The messaging is delivered by
Shruti Kohli, Bitrue's Global Head
of Business Development, and touches on Bitrue's future plans for
the coin.
In the present time support for the coin is growing, not only
amid the wider cryptocurrency community but also from
Bitrue directly. New tokens that launch on the exchange are often
paired with XRP for trading, allowing token developers
to directly tap into the XRP community while
simultaneously increasing the direct utility of XRP.
XRP is also included in all current features on
Bitrue, including staking, loans, futures trading, and more.
The exchange has additionally launched an exclusive new staking
opportunity celebrating the release of this promotional video. For
a limited time only, all users are able to stake their
XRP with Bitrue to receive 7% APY over a 7 day period.
New users to the exchange also have an additional opportunity in
the form of a 50% APY staking option over a 3 day lockup period.
Users are encouraged to head to Bitrue.com today to
participate.
XRP remains the #1 focus of the exchange, with
several projects building on the XRP Ledger set to
launch on the exchange within the upcoming months.
Since its launch in 2018, Bitrue has been on a remarkable
journey, always championing the utility and adoption of
XRP. What follows is a short history of how Bitrue has
been at the forefront of driving support for XRP,
fostering innovation, and standing strong during challenging
times.
2018: Embracing XRP's Potential
In July 2018, Bitrue was one of
the first centralized cryptocurrency exchanges to list
XRP, recognizing its immense potential when others
overlooked it. They immediately elevated XRP to one of
their Top 4 base currencies, allowing users to trade dozens of
altcoins directly with XRP as a base. The response was
overwhelming, with hundreds of thousands of XRP
holders finding solace in Bitrue's unwavering support. Moreover,
users have been enjoying 0 withdrawal fees for XRP on
Bitrue since then.
In addition, Bitrue also became the first exchange to list
XRP as its base currency. Today, Bitrue is still the
only exchange that lists XRP as a base currency, with
dozens of XRP-based trading pairs.
Later in 2018, Bitrue proudly introduced the investment tool
Power Piggy, offering XRP holders a passive income
instrument. Moreover, they were among the first to offer a passive
income instrument for XRP Holders, Power Piggy, making
it part of the initial batch of tokens eligible for investment.
2019: Pioneering Innovative Features
Throughout 2019, Bitrue continued to prioritize XRP
in all newly launched features. They launched a low-interest
crypto lending platform, becoming the first exchange
to provide XRP-collateralized lending services for the
XRP community.
Furthermore, Bitrue has taken a significant step by running a
UNL XRPL validator, demonstrating a strong dedication to the growth
of the XRP ecosystem. This validator is part of the
Unique Node List (UNL), a compilation of validators that network
participants, including servers, trust not to engage in fraudulent
activities.
Notable events during the year included Ripple's endorsement of
its partnership with Bitrue in supporting XRP adoption
when Bitrue attended Ripple Swell 2019 in Singapore. Bitrue also participated in
#XRPMeetupJapan as an official sponsor.
2020: Upholding Resilience in Challenging Times
In June 2020, they further
solidified support for XRP by becoming the first
exchange to embrace PayString, simplifying XRP
addresses into an email-like format. In late 2020, many exchanges
delisted XRP due to the SEC v. Ripple lawsuit.
However, Bitrue stayed loyal to the XRP community,
categorically refusing to delist XRP and providing
continuous trading and investment opportunities for the community.
Bitrue never delisted XRP, which remains true
today.
2021-2023: Continued Holistic Support for the
XRP Ecosystem
In January 2021, Bitrue again
proved its dedication by being the first exchange to complete $FLR
distribution in the form of IOUs and supporting $FLR trading. They
continued to extend holistic support during the largest
XRP community airdrop event in January 2023, reaffirming the commitment to the
XRP community.
Since launching in 2018, Bitrue has also listed and supported
XRP native tokens like CasinoCoin ($CSC), Sologenic
($SOLO), Coreum ($CORE), Equilibrium Games ($EQ), and many more.
All XRP native tokens can be found listed here. Bitrue
is also one of the first exchanges supporting manual relocation and
recovery of missing deposits where there are missing tags or
incorrect tags for the XRP community.
Today: Looking into the Future
Looking towards the future, Ripple's recent landmark victory
against the SEC is a potential turning point for the broader
crypto ecosystem. It highlights the unique
opportunities offered by elements like smart contracts and
algorithmic currencies. Bitrue is committed to wholeheartedly
supporting and actively exploring opportunities to grow in tandem
with the XRP ecosystem, fostering its future endeavors
and development.
Bitrue is proud to have been part of the XRP
journey since 2018. As the crypto landscape evolves,
they remain committed to empowering the #XRPCommunity, embracing
potential opportunities, and contributing to the bright future of
XRP. With XRP continuing to gain strength
among the top 10 cryptocurrencies by market
capitalization, they stand firm as the steadfast partner that has
always prioritized the usage of XRP and supported its
ecosystem. Together, let's move forward into a world where
XRP adoption and utility thrive.
About Bitrue
Launched in July 2018, Bitrue is a
diversified digital asset exchange that supports trading, loans,
and investments. Bitrue aims to utilize blockchain technology to
bring financial opportunities to everybody regardless of their
location or financial position. It has offices in Asia and Europe and continues to develop new features
at a rapid speed to fully service the new wave of the digital
economy. More information is available on Bitrue's website.
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SOURCE Bitrue