Bitrue Sees a Massive Increase in Registered UsersBitrue is building a diversified exchange that incorporates several services into a centralized platform, including trading, DeFi, investments, and more. The fast-growing exchange which first made a name for itself as a leading XRP trading platform has benefitted massively from surging XRP in recent weeks. On April 17, Bitrue announced that it had exceeded 4 million registered users as XRP traded to multi-year highs at the exchange. Trading activity on Bitrue also shot up 400% amid the XRP bull run that was sparked by a better-than-expected outlook for Ripple Labs in its lawsuit with the SEC. Since then, Bitrue Coin (BTR), which has a market cap of over $40 million as per data from CoinMarketCap, has continued to see staggering adoption. The number of assets belonging to users on Bitrue has also surpassed the $2 billion mark. This remarkable growth is partly attributable to the exchange’s decision not to delist XRP following the SEC’s legal action against Ripple at the end of 2020.
Bitrue Exec Says Crypto Will Go Mainstream in 2021Adam O’Neill, Chief Marketing Officer at Bitrue, sees the explosion in trading volumes on his platform as a bullish sign for the nascent crypto sector. “We’ve seen a phenomenal 400% increase in trading volume, which to us is a strong sign that 2021 is going to be the year that cryptocurrencies truly go mainstream,” he commented. Bitrue remains focused on leveraging the blockchain to bring financial opportunities to everyone regardless of their financial position or location. BTR powers the crypto investment platform’s full suite of services. The native token can also be used to lower trading fees, boost interest rates, and access the exchange’s full range of DeFi opportunities.
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