Bitrump is planning to list more utility tokens

Bitrump is planning to list more utility tokens
Written by:
Ali Raza
October 6, 2020
  • The UAE-based crypto exchange, Bitrump, has announced plans to list additional coins.
  • The exchange is currently mostly interested in utility coins backed by real-world resources.
  • The decision comes due to great demand from Bitrump's global community, according to its Director.

Major crypto exchange from the UAE, Bitrump, has plans to list some more digital currencies to its platform. However, according to new information, the exchange seems to be focusing on utility coins that are backed by real-world resources, including metals, gas, oil, and more.

Why the sudden interest in listing new coins?

Recently, Bitrump posted an announcement that reveals its plans to expand its crypto portfolio. The exchange noted that it already listed all major cryptos on its platform. Anyone can trade the likes of Bitcoin, Ethereum, Tether, Bitcoin Cash, Litecoin, and many other coins.

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However, according to its Director, Xavier Perry, its global users have shown great demand for additional assets, and the exchange has listened.

As mentioned, the exchange plans to focus on utility coins, and it expects that these cryptos will lead to better trading opportunities. By listing these new tokens, the exchange also expects to see a sharp increase in trading volume.

The secret behind Bitrump’s success

As its users already know, Bitrump’s trading offerings and options are rather innovative and very scalable. The exchange offers a long list of features, such as great diversity when it comes to trading pairs, key encryption, multi-signature technology, instant KYC and AML verifications, high liquidity, and top security that includes 2FA.

The exchange had a particularly successful Q2 this year, during which it added thousands of new users. Not only that, but it also launched its brand-new white-label architecture.

All of this allowed it to become one of the leading international crypto exchanges from the UAE. The platform is also fully regulated, and it is currently collaborating with the country’s central bank to create a regulatory policy framework for the local exchanges.