Bitrue Announces XRP Pairs for EOS, VeChain (VET), NEM (XEM), and Polymath (POLY)

Siamak Masnavi

On Monday (January 14th), Singapore-headquartered cryptocurrency exchange Bitrue announced that by the end of January it would be listing XRP-based trading pairs for EOS, NEM (XEM), Polymath (POLY), and VeChain (VET).

Bitrue, which was founded in 2018, has quickly become a favorite with members of the XRP community because of the high degree of enthusiasm, support, and transparency shown by its management towards XRP. What is interesting about Bitrue is that it supported XRP as a base currency on the day that its trading platform was launched (19 July 2018).

Here is how Bitrue announced today's news on Twitter:

We need to remember what Bitrue announced on 27 December 2018:

And right after the start of 2019, Bitrue has been working hard to keep this promise:

  • January 3rd: XRP-based trading pairs added for TRON TRX), Stellar (XLM), NEO, Gas (GAS), and OmiseGo (OMG).
  • January 4th: XRP-based pair added for Bee Token (BEE).
  • January 7th: XRP-based trading pairs for Holo (HOT), Pundi X (NPSX), district0x (DNT), and Propy (PRO) announced (to be listed by January 11th).
  • January 11th: Trading for all four XRP-based pairs announced on January 7th was enabled.

So, by the end of last week, Bitrue had 26 XRP trading pairs: BCH/XRP; ETC/XRP; GTO/XRP; GUSD/XRP; KNC/XRP; LINK/XRP; LTC/XRP; PAX/XRP; QKC/XRP; TUSD/XRP; WAN/XRP; WTC/XRP; ZRX/XRP; XRP/BTC; XRP/USDT; XRP/ETH; XRP/TRX; XRP/XLM; XRP/NEO; XRP/GAS; XRP/OMG; BEE/XRP; HOT/XRP; NPXS/XRP; DNT/XRP; and PRO/XRP.

Also, on January 11th, Bitrue announced that four more XRP trading pairs would get listed within the next 2-3 weeks (i.e. by January 31th):

And since we had 26 XRP trading pairs before today's announcement, it looks like Bitrue will have at least 30 XRP trading pairs by the end of this month, just as they promised on January 11th.

KuCoin Shares Token Surges 13% as Exchange Announces 2.0 Upgrade

KuCoin Shares (KCS), an ERC-20 token issued by the KuCoin cryptocurrency exchange that gives token holders various bonuses and dividends based on the exchange’s performance, has recently seen its price rise over 13% as the company announced its 2.0 upgrade.

According to the recently published announcement, the transition to the 2.0 platform will occur on February 18, at 3 AM EST, and will last approximately 14 hours. It’ll bring in various upgrades, including new order types, more security, and better control.

On the announcement, the price of the cryptocurrency started rising. According to CryptoCompare data, KCS is currently trading at $0.41, meaning its market cap is currently at $74.15 million.

KuCoin Shares' Price Performance

KuCoin’s 2.0 upgrade is set to give its users an advanced API designed to offer an efficient way for them to develop a trading strategy, as well as limit, stop, market, post only, and iceberg orders.

Its fee program is also being changed to be “more attractive,” and to reduce trading fees and improve liquidity. KuCoin is also improving various features to optimize users’ experience on their website, while trying to pull in more through revised rewards in its referral program.

Given the 14-hour upgrade time, KuCoin is asking users to look into their trading strategies to prepare for the event, as they’ll be unable to trade and access their wallets while it’s ongoing. The company has assured, however, that their funds will remain safe.

All funds will remain safe and unaffected throughout the entirety of the upgrade and will not be at risk at any point throughout the update

To avoid large fluctuations in the market, KuCoin will also reverse a 30 minute period to cancel pending orders after the upgrade is complete. The exchange recently made headlines after adding various XRP trading pairs, although it didn’t make the token a quote currency.

Last year, KuCoin notably raised $20 million in its series A funding round, from organizations that included IDG Capital, Matrix Partners, and Neo Global Capital.