Bangalore: Bitrue, an exchange for cryptocurrency trading committed to safety and professional selection of ICO projects, has officially been launched in India with the ambition to become the most intuitive and secure crypto exchange.
Upon its launch, Bitrue also announced partnerships with Wanchain, a world-renowned blockchain ecosystem for marketing and ecosystem development. Bitrue is also one of the first exchanges to list XRP, one of the world’s top three cryptocurrencies by value, as base currency. Bitrue will be partnering with more promising ICO projects to build a healthy ecosystem.
“The Indian market for cryptocurrency has been growing steadily with the last recorded number of users being around 6 lakhs. Bitrue’s third largest user base is in India. We will do our best to serve our current users and help Indian cryptocurrency investor’s trade securely on our platform,” Bitru CEO Curis Wang said.
“As hacker attacks increase, the safety of crypto trading has become the biggest concern for users. A responsible exchange must ensure the highest level of security. “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,” added Wang.
Its network security protection system has passed a number of simulated hacker attacks and penetration tests. Meanwhile, Bitrue is adopting the security service of McAfee, a leader in computer security software, and has been certified by NSFOCUS, a pioneer in cybersecurity, as the exchange tries to provide a stable and reassuring crypto trading environment.
While the market is now full of knockoffs like scammy tokens, cryptocurrency pyramid schemes and copycat coins, Wang believes that instead of just thinking about how to make money from listing fees, exchanges should strictly review ICO applicants to help users identify good currencies from bad ones. “Bitrue is committed to list only legit and promising tokens on our platform, Wang emphasized, “with our professional process and team for currency selection, Bitrue is able to screen the candidates and build a healthy environment for trading.”
Bitrue is more than just an exchange for cryptocurrencies— it’s actually a “community. While most exchanges are centralized and profit-oriented, Bitrue is open and transparent. “At Bitrue, everybody is shareholder and co-manager of the exchange.” Wang said cryptocurrency trading is an emerging market and only the participation of more people can make it more stable and diversified. It invites all users to participate in its management by delegating all economic and voting rights concerning currency listing.
The newly-launched Bitrue is already able to present some of the best cryptocurrencies to users around the world. The first partners include Wanchain, whose ICO sold out in less than ten minutes. Moreover, the exchange has also listed XRP as its base currency so XRP holders can purchase other high-quality cryptocurrencies with ease and at lower fees. To celebrate the inclusion of XRP, Bitrue will be offering special bonus for XRP traders next week.