Cryptocurrency exchange Bitrue to be listed on Arbitrum (ARB)

Provides ARB trading market

On the 20th, crypto asset (virtual currency) exchange Bitrue announced a new listing plan for Ethereum (ETH) L2 “Arbitrum (ARB)”.

Bitrue set up ARB/USDT as a currency pair. The payment currency Tether (USDT) is a stablecoin linked to the value of the US dollar.

After 22:00 (Japan time) on March 23, 2011, trading will start when the deposit amount of ARB meets the minimum liquidity requirements.

Bitrue will also carry out its own ARB airdrop to commemorate the start of handling ARB. A total of 100,000 ARB is available as prize money. Details will be reported later.

Arbitrum has announced plans to airdrop ARB tokens on the 16th. Of the total token supply of 10 billion ARB, 12.75% will be distributed to users. Airdrop distribution targets were determined based on the snapshot as of February 6, 2023.

ARB is Arbitrum’s governance token and will be operated by a DAO (Decentralized Autonomous Organization).

connection:Ethereum L2 “Arbitrum” decentralizes operations to implement its own token distribution

What is Bitrue

Bitrue is a cryptocurrency management platform that provides a wide range of financial services such as trading, loans, and investments. Since its establishment in July 2018, it has a history of early listing related stocks in new areas such as DeFi and NFT (non-fungible tokens), such as Flare’s IOU trading and the handling of Spark tokens.

Bitrue Coin (BTR), a unique token, can be used on Bitrue’s DeFi platform in addition to lowering fees and improving yields. In January 2010, Bitrue launched the yield farming service “Yield Farming Hub” and announced support for Solana (SOL), Avalanche (AVAX), Phantom (FTM), and Dogecoin (DOGE) in March of the same year.

connection:Started yield farming for 4 stocks such as Bitrue, SOL/BTR, AVAX/BTR