Leading cryptocurrency exchange Bitrue has today announced an expansion to its passive earnings product with boosted interest rates to a range of stablecoins, including RLUSD from Ripple and PYUSD from PayPal.
The expansion comes during a difficult time for retail investors, who may be finding it difficult to read market conditions and are increasingly opting to de-risk into safer and more reliable investment options.
“In an environment of exceptional volatility and no clear signs of future direction, we are seeing our customers moving to stablecoins in order to ride out the storm, but the appetite to profit from these holdings remains,” said Adam O’Neill, Chief Marketing Officer at Bitrue. “With our new stablecoin expansion we’re able to meet this demand and provide a valuable service to struggling investors.”
Boosted Stablecoin Offerings
The boosted stablecoins are free from investment caps and include:
- •RLUSD at 7% APR
- •PYUSD at 5% APR
- •USDC at 4.5% APR
- •USDT at 4.3% APR
New User Bonuses
Bitrue has additionally launched a repertoire of offers that are exclusive to new users on the platform, providing medium-term bonuses for new investors that will help them kickstart their crypto portfolios. The newly provided offers include:
- •Tronix TRX at 7% APR for 180 days
- •Cardano ADA at 6.5% APR for 180 days
- •Solana SOL at 6.5% APR for 180 days
These opportunities have been initiated in conjunction with a re-launch of XRP available at 6.8% APR, which debuted the previous week and echoed the very first staking opportunity that Bitrue ever offered in 2019.
Launchpool Developments
Bitrue has additionally been building out its Launchpool offerings, recently completing a distribution of 100,000 Monad to its users and highlighting the platform’s ability to identify and provide its supporters with high-utility coins. The exchange is following up on this with a brand new distribution of 1,000,000 MIN from Minswap, a notable launch coming from the Cardano ecosystem. The newest MIN Launchpool has been made available for users who stake either ADA or the exchange’s native platform token BTR. With recent Launchpools consistently yielding over 20% APY on average, Bitrue is proving once again that early supporters get the biggest edge.
About Bitrue
Launched in July 2018, Bitrue is a global crypto exchange dedicated to providing diversified digital financial services through blockchain technology. The platform supports over 700 cryptocurrencies and offers a wide range of products, including spot trading, futures, OTC, staking, copy trading and Alpha trading. With its extensive asset coverage, Bitrue ranks among the top exchanges in XRP markets by trading volume. It also provides a variety of staking and investment products with annualized rates of up to 30%, balancing liquidity and credited rewards. Centered on security and user protection, Bitrue actively partners with projects such as XRP and ADA, driving the growth of the digital economy through continuous product innovation and global ecosystem collaboration.