On March 18, 2022, Bitrue, a top digital asset management platform with a global presence offering, hit #5 in Coingecko’s Top Cryptocurrency Exchange Rating by Trust Score – Spot. Introduced in 2019 in an effort to present a fairer picture of the market, Trust Score prioritizes exchanges with tight spread and deep depth rather than reported trading volume.
Bitrue is a forward-thinking cryptocurrency exchange that was first launched in 2018. It is dedicated to providing the most trustworthy digital asset management services in an intuitive, efficient, and secure manner. The platform gives users across 194 countries access to crypto and futures trading, leveraged ETFs, crypto loans, and an opportunity to receive 10% passive interest on their coins.
With a total 24h trading volume of $1,584,281,537, Bitrue boasts support for seven base currencies – UST, ADA, XRP, BTC, ETH, USDT, and USDC, over 450 different coins and 1045 trading pairs. The platform’s native token, BTR, allows holders to reduce trading fees, participate in DeFi mining, vote for coins to join, or stake their coins in Bitrue Power Piggy to unlock special high-investment opportunities.
‘Reaching #5 at CoinGecko is a great milestone for Bitrue. We’re really happy to receive the recognition after years of hard work. Our team has done a lot in the past to support our communities and we’re seeing those user bases flow to our platform at a great pace today. We’ve also been responding to customer requests and shifts in market sentiment to promptly list the most popular new coins,’
Commented Adam O’Neill, CMO at Bitrue.
CoinGecko is the largest independent cryptocurrency data aggregator. It is trusted by millions of users and media outlets around the world to provide unbiased and reliable data on various crypto-related projects, including the status of hundreds of exchanges. Combining the volume, web traffic, and order book analysis, CoinGecko gives each exchange a “trust score,” with three color-coded categories: green (good), yellow (fair), and red (poor), and compiles a rating.
According to the Bitrue team, the impressive growth from #13 to #5 in just six months is attributed to a number of key successes over the past few months, starting with the launch of Cardana’s ADA as a base currency in February. The number of ADA traders has tripled since the launch. Besides that, the platform has become the leader in support for USDC, with an investment rate of 8.4% in Power Piggy, over 60 trading pairs, and 5 networks usable for deposits and withdrawals. And lastly, on March 17th, Bitrue has adopted TerraUSD as its newest base currency, adding 71 new trading pairs to its impressive list of trading options.
‘Reaching #5 is only one step towards our ultimate goal of #1 though. Behind the scenes we are knee-deep in various initiatives that are going to help us continue to grow,’
Adam added.
In the following months, the platform is planning to accelerate its presence in the industry and expand to more ecosystems, becoming home to more communities such as Solana and Avalanche, and keeping to align with the interest of the users.
Check out the official website to learn more about the project, or subscribe to Bitrue’s Twitter account to keep track of the latest news.
Source: https://crypto.news/bitrue-hits-5-in-coingeckos-top-cryptocurrency-exchange-rating/