Crypto Exchange Bitrue Launches XRP-Based Trading Pair for Cardano (ADA)

Siamak Masnavi

On Friday (April 5), Singapore-based cryptocurrency exchange Bitrue plesantly surprised the XRP community with the addition of yet another XRP-based trading pair: ADA/XRP. ADA's listing on Bitrue came with two other trading pairs: ADA/BTC and ADA/USDT.

Since Bitrue already had 36 XRP-based pairs prior to today's announcement, this means that it now offers a total of 37 XRP-based trading pairs.

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).

2019 so far has been a great year for those members of the XRP community that use Bitrue since the exchange has been adding new XRP-based trading pairs at a rapid pace:

  • January 3rd: TRON TRX), Stellar (XLM), NEO, Gas (GAS), and OmiseGo (OMG).
  • January 4th: Bee Token (BEE).
  • January 11th: Holo (HOT), Pundi X (NPSX), district0x (DNT), and Propy (PRO).
  • January 18th: EOS, NEM (XEM), and Polymath (POLY).
  • January 28th: VeChain (VET).
  • March 15th: SHACoin (SHA).
  • March 24th: Dash (DASH), Basic Attention Token (BAT), and Storm (STORM).
  • March 27th: Zilliqa (ZIL), IOST, Golem (GNT), and ICON (ICX).
  • March 29th: Binance Coin (BNB).
  • April 5th: Cardano (ADA)

Here are all 37 XRP-based 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/USDT;  TRX/XRP; XLM/XRP; NEO/XRP; GAS/XRP; OMG/XRP; BEE/XRP; HOT/XRP; NPXS/XRP; DNT/XRP; PRO/XRP; EOS/XRP; NEM/XRP; POLY/XRP; VET/XRP; SHA/XRP; DASH/XRP; BAT/XRP; STORM/XRP; ZIL/XRP; IOST/XRP; GNT/XRP; ICX/XRP; BNB/XRP; and ADA/XRP.

Actually, the total number of trading pairs involving XRP is 40 since Bitrue also offers XRP/BTC, XRP/ETC, and XRP/USDT.

At the time of writing, according to XRP Charts, in the past 24-hour period, Bitrue handed 2.6% of Total XRP Trade Volume:

XRP Charts - 5 Apr 2019.PNG

Featured Image Courtesy of Bitrue

Overstock Committed to Crypto Even After CEO Patrick Byrne’s Exit

Michael LaVere
  • Overstock said it is "absolutely" committed to crypto in the wake of CEO Patrick Byrne's resignation.
  • Company continues to support its high profile tZERO blockchain project. 

Popularo nline retailer Overstock remains committed to cryptocurrency even after the sudden resignation of its long-time CEO and crypto supporter Patrick Byrne. 

Crypto Supporter Patrick Byrne Resigns

On Aug. 22, Byrne announced he would be resigning his position as CEO following a series of comments made the week before about his involvement in FBI investigations and a romantic relationship with a Russian spy. Shares for Overstock plummeted more than 35% following Byrne’s bizarre comments, but rallied in the aftermath of his resignation. 

Despite making a sudden exit, Byrne had established Overstock as one of the most high-profile companies to support bitcoin and cryptocurrency, a legacy that plans to continue even in his absence. 

Newly appointed interim CEO Jonathan Johnson was asked by Yahoo Finance if the company will retain its focus on crypto and blockchain. 

He said, 

Absolutely, yes. The fledgling blockchain business is doing well.

He continued, 

Our team at Medici Ventures, which is the blockchain-focused business, is still working hard, and those different companies in the Medici family are growing at a nice rate.

Earlier in the month, Overstock reported suffering a 23% decrease in revenue for Q2 2019, despite claiming that the blockchain division was performing well. Overstock operates the notable tZERO platform, which was recently opened to retail investors for trading. In addition, the company announced in July that they would be issuing a digital-equivalent of a dividend for shareholders.