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TRX/XRP pair goes live on Taiwanese exchange Bitrue

Namrata Shukla

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TRX/XRP pair launched on Taiwanese, Bitrue exchange
Source: Pixabay

Bitrue, a Taiwanese cryptocurrency exchange, announced the launch of the much-awaited TRX/XRP pair today, on January 4. The exchange took to Twitter and announced that the pair was open for trading from today. The exchange said:

“We’re thrilled to announce the launch of our most demanded $XRP-Base Pair: TRX/XRP! $TRX/ $XRP is open for trading now!
@Tronfoundation + @BitrueOfficial @justinsuntron & @Curis_Wang 🤗👏💪😍📈💰
@XTRA_HRDCOR_XRP @JesusXRP and more! Happy trading!”

Bitrue had promised to add five pairs with XRP in December 2018 and has said that the rest will go live soon. The exchange will be announcing the remaining four pairs by the end of this week. At the time of the previous announcement, Bitrue had asked its followers of the pairs they wanted to see and Tron [TRX] and Cardano [ADA] seemed like a popular choice.

Bitrue was the first exchange to add XRP as the base pair, before which there were exchanges which had added Bitcoin [BTC] and Ethereum [ETH] as the base pairs. Following Bitrue’s decision, Binance too added XRP as the base pair, with the initial pairs being announced as Tron [TRX], and Zcoin [XCZ].

Bitrue aims to provide transparency to the Initial Coin Offering [ICO] market by a profession selection of the ICOs. Bitrue CEO, Curis Wang, had previously stated:

“Bitrue is committed to list only legitimate and promising tokens on our platform. With our professional process and team for currency selection, Bitrue is able to screen candidates and build a healthy environment for trading.”

In terms of trading, the base currency is the currency using which users can buy other cryptocurrencies. The users will be able to use their XRP reserves to buy other cryptocurrencies.
Wang had also stated during the launch:

“Bitrue has made transaction safety the core element of its products, as more than 90% of user assets in its system are stored in cold wallets and critical messages are located in distributed storage systems with multiple clusters. The exchange has even created an internal risk control model with four certification levels, a multi-layer trading infrastructure, an independent trading domain and real-time monitoring capabilities.”

Tron, the tenth-largest cryptocurrency was valued at $0.0202, with a market cap of $1 billion and a 24-hour trade volume of $120 million at the time of writing. Tron registered an overall growth of 7.53% over the past week.

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