Bitrue, a crypto exchange based out of Singapore, has announced that it will add XRP (XRP) trading pairs for EOS (EOS), Polymath (POLY), NEM (XEM) and VeChain (VET), bringing the exchange’s XRP market to 30 pairs.
Happy Monday XRPCommunity! We’ve brought you some love❤️❤️❤️
We’re targeting to add 4 more long-waited XRP pairs by end of the month!? By completing this we would have 30 XRP Pairs! #xrpthebase
?$EOS/ $XRP$POLY/ $XRP$XEM/ $XRP$VET/ $XRP@Curis_Wang https://t.co/i7RmZikmVR pic.twitter.com/LdX2YxWLlt
— Bitrue (@BitrueOfficial) January 14, 2019
According to the brief announcement, Bitrue plans to add the four altcoins by the end of January.
Last December, Bitrue circulated a sponsored post when the exchange had 16 trading pairs tied to XRP. At that time, the company claimed that it was handling 2% of the total network transactions of XRP, a notable achievement for an exchange that was only 4 months old at the time.
Reviewing the current data from CoinMarketCap, it’s clear that Bitrue’s XRP trading pairs are seeing notable volume, with Chainlink (LINK) and Litecoin (LTC) leading with $2 million and $1.8 million, respectively, in daily trading volume.
This news comes as Binance, the world’s most popular cryptocurrency exchange recently added XRP as a base currency on its platform. The initial trading pairs available for XRP are TRON (TRX) and ZCoin (XZC), chosen for their support of Binance’s charity.
Apart from having XRP as its base currency, Bitrue’s biggest draw is undoubtedly its generous 7.3% annual interest rate for stablecoins and XRP held on the platform. Users receive 2 XRP per day for every 10,000 XRP put into the program at current rates.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.