On Thursday (3 January 2019), cryptocurrency exchange Bitrue announced that it had added support for five new XRP trading pairs:
Bitrue, which was founded in 2018, has quickly become a favorite with members of the XRP community because of the enthusiasm and support 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).
Despite the bear market in 2018, Bitrue had impressive growth in trading volume, especially in Q4:
1) Thanks to all your support and love💕, Bitrue has been able to grow steadily, especially in Q4, where we're seeing 240% growth📈📈📈 in daily trading volume. pic.twitter.com/wGFlt9otgY— Bitrue (@BitrueOfficial) December 31, 2018
Bitrue's management is quick to acknowledge that the majority of its overall trading volume is due to XRP trading:
2) As we pioneered in adopting $XRP as a base currency, XRP trading volume has contributed the majority of our overall volume. XRP daily trading volume on Bitrue grew from 0 to 10 million📈📈📈 by end of December. pic.twitter.com/aW5YXKoEAT— Bitrue (@BitrueOfficial) December 31, 2018
In fact, on 5 December 2018, Bitrue's daily XRP trading volume surpassed that of two much older and larger competitors:
4-3) A quick summary of our journey with $XRP in 2018— Bitrue (@BitrueOfficial) December 31, 2018
- On Dec. 5, Bitrue's daily volume of XRP surpassed Poloniex and Bittrex, accounting for 2% of the overall XRP market.
- On Dec. 27, Bitrue made the announcement to 'All In XRP'!👏👏👏
Bitrue's increasing importance in the XRP space has not been ignored by Ripple:
4-2) A quick summary of our journey with $XRP in 2018— Bitrue (@BitrueOfficial) December 31, 2018
- On Nov. 7, Bitrue was added to "XRP Charts" by @Ripple, and became one of the recommended exchanges in "XRP Buying Guide" on https://t.co/vfJg0TQuOK.
As of today, this is the full list of XRP trading pairs offered by Bitrue: 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; and XRP/OMG.
There is further good news ahead for XRP HODLers since on December 27th Bitrue promised to add many more XRP trading pairs in the next couple of months:
🔥We're happy to announce that we will be on-boarding all #XRP trading pairs in the next couple of months! 🔥— Bitrue (@BitrueOfficial) December 27, 2018
We're planning to add 5 pairs in the 1st week of 2019, so please give us a shout on your most needed #XRP pair! #xrpthebase https://t.co/i7RmZi2Lxh pic.twitter.com/8aDF796wPv