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Bitrue Review: Digital Assets Exchange With Some Unique Tools

Whether you are a veteran in the crypto space or a newcomer, looking for an escape from archaic financial institutions and their tiny interest rates – or just want some new ways to invest, Bitrue should be on your radar. Bitrue aims to break down the barrier between decentralized (DeFi) and centralized finance (CeFi) pioneering a new way for investors to use their crypto and also get the most out of their digital asset holdings. Bitrue caters to investors, but it also provides a platform where many firms can list tokens and interact with their community. The exchange is currently…

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Can DeFi Survive Without CeFi? Bitrue’s Hybrid Solution Might Be The Middleground

Decentralized finance has been crypto’s defining motif this year, thanks in no small part to the ascendance of token mining solutions popularly known as yield farming. However, despite billions of dollars of crypto assets being locked into DeFi protocols, it has still to be determined whether decentralized finance can realize the lofty goals that inspired its creation, like banking the unbanked and providing greater financial inclusion. What’s beyond dispute is that the legacy financial system crippled by excessive regulations and distorted by extremely loose central banks’ monetary policies is badly in need of disruption. And this is where hybrid solutions…

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Simplex Debuts Fiat On-Ramp for Blockchain Game Townstar

Fiat on-ramp service Simplex has partnered with crypto exchange platform Bitrue to enable GALA token trading. GALA is the native token of the Gala Games environment. Blockchain technology continues to see increased utilization in the gaming industry with the novel tech providing a robust base layer for monetizing in-game assets. Developers are also able to leverage decentralized ledger technology (DLT) in maintaining full control of their digital metaverses without recourse to third-party publishers and hosting services. Simplex and Bitrue Partner for GALA Trading According to a press release shared with Blockonomi, Simplex is now providing a fiat on-ramp for the…

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Crypto Borrowing: Here Are Seven of the Best Interest Rates on the Market

Cryptocurrency is sizing up traditional finance on its legacy turf of lending and borrowing with competitive interest rates (currently as low as 0.44% for ethereum and 4.50% per year for bitcoin) as well as less cumbersome verification procedures. Crypto holders present their virtual assets as collateral to get loans paid out in fiat or stablecoin. The option allows one to keep an immediate financial need separate from long-term crypto investment as well as evade a taxable sale of their crypto funds. Investors are also able to lend their digital assets and pick up significantly higher passive income – of as…

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Bitrue Planning World’s First Hybrid DeFi, CeFi Exchange

Bitrue, the self-described “diversified financial services platform with support for trading, loans, and investments,” has revealed new upgrades to its services that will benefit DeFi and CeFi users, according to a press release from the group. Thanks to this, Bitrue will be able to launch what they call the “world’s first hybrid exchange,” the press release notes. They also plan to push more DeFi in the future. The platform’s first new DeFi service will be a “peer-to-peer matching engine connecting borrowers and lenders, with borrowers receiving interest on the coins they add to the liquidity pool,” the release also reveals.…

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Bitrue Lists XDC Coin to Enable XinFin Mainnet Usage

Bitrue, a self-described “XRP-centric financial services platform with support for trading, loans, and investments,” will list XDC, the mainnet asset for XinFin, an “enterprise-ready hybrid Blockchain technology company optimized for international trade and finance,” according to a press release. The available trading pairs here will be XDC-XRP, XDC-USDT, and more for trading on August 13. This will ensure that users on the Bitrue platform can take advantage of XDC’s “real-world use-cases” like TradeFinex.org or other platforms that allow businesses to distribute funds to bank or non-bank funders. XinFin also runs Mycontract.co and Blockdegree.org, the former connects “two centralized systems using…

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ChainLink Price Oracles Sees Integration With Bitrue Crypto Exchange

The Bitrue crypto exchange has recently announced that it had integrated ChainLink (LINK) price oracles. This will allow it to provide live price reference data within the crypto trading platform at large. With this move, price quotes for various products of Bitrue, like loans, will have complete fairness and accuracy to them. Adding ChainLink To Bitrue Offering Within its announcement, the Bitrue team elaborated on why such accurate price data is critical for its services. The primary reason why, is it provides a safe and fair environment for people to use the services Bitrue provides, such as Bitrue loans. This…

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