One of the hottest trends in the blockchain universe is the application of decentralized finance (DeFi) solutions. Today we will impartially review for our readers the Silicon Finance project, a new DeFi initiative aiming to solve a series of industry issues. The project’s team aims to achieve an increase in the safety of DeFi, with obvious benefits for the whole blockchain community. Furthermore, the initiative will look into a way to introduce more democracy and equality on Initial Dex Offerings…
Registered in Singapore, Bitrue is a cryptocurrency exchange that aims to deliver the best value to its customers by allowing user feedback to direct their development roadmap, a strategy that will surely raise them to great heights in the future bull market. With offices around the globe, including Silicon Valley, Taiwan, and Beijing, Bitrue has shown great potential by constantly embracing the changes and demands of the market and, at the same time, allowed its customers to explore immensely interesting and innovative features.
Learning from past mistakes, allowing the market to dictate the present, and generating a long vision for growth, Bitrue has definitely portrayed itself as a future-ready exchange that will not stop or be discouraged by outside hindrances. After the recent hack by malicious actors who ran away with a considerable amount, Bitrue has jacked up its muscles, to say the least, to ensure this won’t happen again.
What to Look Forward from Bitrue?
But survival alone is not Bitrue’s main focus. It is the satisfaction of its customers through continuous innovation of the crypto-trading experience. With a growing user base primarily in North America and Europe, all one can expect is swift, seamless transactions. You will be able to use this exchange regardless of whether you are from Singapore, Japan, Taiwan, anywhere in the EU, or anywhere worldwide.
Let us look into the capabilities that Bitrue has promised.
A Brief Overview of the Innumerable Features of Bitrue
Huge Range of Coin and Pairs: A wide range of coins and trading pairs can be found on the exchange. The several dozen cryptocurrencies listed on the platform have all been heavily screened to ensure that the projects are reliable, and they won’t incur losses for the traders. Base pairs at Bitrue include BTC, ETH, USDT, XRP, among others. Bitrue can also impressively process more than 10,000 orders in a second.
World’s First XRP Base Pair: Bitrue is an important business partner of XRP Official and is also one of the first exchanges to support XRP as a base currency. Bitrue is definitely the perfect place for XRP holders and traders and has a long history of working directly with the wider XRP community. Even more encouragingly, Bitrue has already stated they are planning to make an XRP base-pair available for every cryptocurrency on their platform.
Industry Standard Trading Tools: A trader’s paradise is an exchange that allows maximum flexibility, leverage, and trading tools with the least amount of lag and overload. The trader must be able to formulate strategies and execute them without the hassle and overhead cost. Bitrue promises all of these and much more. With an active order book and immensely handy trading tools, a well-seasoned trader will find it absolutely refreshing to work on the exchange.
Engaging with the user with Airdrops and Contests: To have a mutual, two-way relationship with the user base and aim to make the exchange appealing continuously, Bitrue has several exciting programs. BTR or Bitrue Coin is the exchange’s native token. With BTR, and also with other mainstream tokens such as XRP, ETH, and more, the exchange conducts airdrops and contests for users to compete and guarantee they win tokens. This works to attract new customers and develop loyalty to the exchange with the old ones.
Power Piggy – The Newest Way to Save and Earn Cryptocurrencies: In the traditional banking industry, banks function as lenders and reserve holders to help stimulate trade. They give interest to those who choose to save in their banks and charge higher interest on those who wish to borrow when in need. But since the saving and lending currency was always fiat, it affected the savers as their interest was usually canceled due to inflation. Power Piggy is Bitrue’s latest innovation in the DiFi industry as they have revolutionized all of banking. Power Piggy acts as a bank for multiple digital currencies, such as EOS, Bitcoin Cash, Litecoin,
It offers attractive rates of interest for several cryptocurrencies, including XRP, BTC, TRX, and even stable coins such as USDT, USDC, and so on. Interest is paid to those who wish to stake their crypto holdings on the exchange. Since the digital currencies are usually deflationary, the savers receive interest plus the increase in unit price. Bitrue can pay the interest by using the funds they have received as capital to improve their business and conduct other investment activities. Power Piggy can be considered as one of the game-changing innovations in Digital Finance by any exchange as of yet. Even more surprisingly, if you hold a BTR token, the interest rate can go up to 10%.
Crypto-based Loans: One of the most promising prospects in the crypto space is the introduction of loans based on crypto. It is still unclear how a crypto-loan giving exchange will be viewed, whether as a bank or an NBFC, but it will be a treat to watch it all breakdown and settle. Bitrue opened its own branch of crypto-based loans, where users will leverage their holdings to undertake loans for their planned venture.
Personal Cold Storage: Cryptocurrency investors worldwide would most definitely love to use an exchange with a cold wallet that is accessible anywhere across the globe. However, with Bitrue, it’s taken a notch further. In the upcoming updates planned, Bitrue will allow for personal cold wallet storage where users can request their funds to be stored on a personal wallet, not connected to the internet. When the exchange could be attacked, the funds stored in individual wallets enjoy a higher level of security.
Bitrue is a simple and easy to use a cryptocurrency exchange. The company has invested a lot of time and money into making their user experience smooth and painless. It’s no wonder that success followed the service during its opening months. Add to this the ability to offer truly worldwide service, and you have guaranteed success.
Based on everything that has been outlined so far, Bitrue is undoubtedly a leading cryptocurrency exchange that offers great fees and awesome digital currency support. As it reportedly has access to abundant resources and partners, the chances are that Bitrue will continue to evolve and offer great digital currency exchange services to its clients.