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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