Bitrue is one of the leading cryptocurrency platforms and now ranks among the top 15 crypto exchanges on the market.
Bitrue is now ranked on no. 12 on CoinGecko’s top cryptocurrency exchanges. Bitrue’s new position was not easy. CoinGecko set several criteria that the team behind the project had to pass to rank the various exchanges on the market.
CoinGecko was founded in 2012 and has provided accurate data to the cryptocurrency community since its inception. Its Trust Score rating algorithm determines the platform’s ranking. This algorithm takes into account security standards, trading activity, scale, liquidity, and past incidents. It also considers the overall management of the exchanges’ teams. The aggregator currently provides data to more than 10 million users around the world.
According to CoinGecko data, Bitrue trades at a volume of more than $3.01 billion. There are 197 coins listed on the exchange and 390-coin pairs. Bitrue was founded by a group of blockchain enthusiasts who wanted to make it easy and safe for people to trade cryptocurrency. Two-factor authentication, multi-signature security, and Cold wallet are some of the exchange’s features. The exchange also features a unique core-pair trading system.
This news comes just weeks after the exchange introduced its latest feature, BTR Voting. The BTR Voting feature allows Bitrue members to vote on which coins should go on the exchange. The ranking also follows a rally by many smart contracts chains like XinFin and Solana.
This Singapore based global exchange has been involved in some security incidents; nevertheless, it has improved its security infrastructure and currently offering services to major countries around the globe includes the USA and Europe. Like the top crypto exchanges, Bitrue also provides many financial tools for traders and investors, including Loans and Staking. Users inclined towards trading XRP would find this exchange more favorable as it allows for XRP focused trading with more than 50 pairs.
Gargi Sinha is working as Senior Journalist at Confea. She has completed her Masters in Journalism from Delhi University. She has interest in crypto and blockchain technology.