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- Bitrue has launched a new campaign to support XRP trading on its platform.
- The exchange launched an exclusive earn event to give XRP holders a 50 percent APR on their investments.
Barely 3 days after cryptocurrency trading platform BitMart announced a 50 percent discounted sale for XRP, Singapore-based crypto exchange Bitrue has announced an exclusive Earn Event with up to 50 percent annual percentage rate (APR) for XRP investors. This occasion follows the completion of the Super Power Piggy Event which launched 6 days ago.
According to Bitrue’s Twitter post, XRP investors and enthusiasts stand the chance of maximizing their profits by getting a lucrative APR of up to 50 percent.
🚀Exclusive Earn Event! Join Bitrue and earn $USDT, $BTC, $ETH, $XRP and $SUI up to 50% APR.
Earn Now👉 https://t.co/DFRPFiMaun pic.twitter.com/JY2ZfIdJPc
— Bitrue (@BitrueOfficial) June 21, 2023
Apart from XRP, investors can earn other APR among tokens like Tether (USDT), Bitcoin (BTC), Ethereum (ETH), and Sui (SUI). XRP investors would only be required to stake their XRP tokens to earn a significant APR. In the case of the PowerPiggy exclusive event, investors were promised up to 18 percent APR on USDT, BTC, ETH, and XRP. For XRP, the returns were pegged at 9 percent for new users with a cap limit of 20,000 XRP per user.
Participants in the PowerPiggy exclusive event also got the opportunity to share from a large pool size of $5,000 worth of USDT. Bitrue has an ongoing Referral Piggy Campaign which will run till Monday, June 26th. So far, the Singapore-based digital asset service provider has shown immense support for XRP and this strategic backing has propelled the token to dominate the Bitrue staking pool. Reports have it that XRP is the most staked asset in the exchange’s Piggy Campaign.
BitMart, Bitrue, and Others Show Support for XRP
This same support for XRP has been displayed by other protocols as well. BitMart shared the news of its discount sale which allows users of the platform to buy XRP at a price slash of up to 50 percent. Markedly, the sale was designed as part of the BitMart “More Crypto, Less Fees” campaigns. To be eligible, users who have completed their Know-Your-Customers (KYC) verification process, were required to purchase a ticket from the BitMart Launchpad.
USDT was the designated subscription currency for the event, hence, users were expected to have the United States dollar-backed stablecoin in their wallets. The discount sale which started on Wednesday, June 21st, will end today Thursday, June 22nd. The sale was not accessible for BitMart users in the U.S. as the platform does not support XRP trading for users in America.
An XRP Ledger-based blockchain game recently rolled out its full version and allows users to earn XRP for every game won. The XRP tokens are then paid to their Xumm wallets. Banking giant Deutsche Bank has also applied for a regulatory license to allow it to provide custody services for digital assets like BTC, ETH, and XRP. This clamor around XRP has translated into positive results for the token.
As CNF reported, two days ago, XRP experienced a major price trend reversal which caused a bullish breakout after a 777-day downtrend.
