Rising crypto exchange Bitrue has launched its latest round of lock-up investments in cryptocurrencies like XRP, VeChain, BTC. The announcement was made on its official twitter page with more information on its website.
According to the report, the lock-up investment would begin on the 11th of March and would be the fourth in a series. Bitrue users would be given a limited window to stake their coins on the platform for the next 30 days at fixed interest rates.
Bitrue Offering 10.2% Monthly Interest Rate for BTC, XRP and VET
Bitrue stated a number of coins that would be eligible for the investment offer and this include leading coin Bitcoin, XRP, VET and USDT. The platform also offers an interest rate of 10.2% for BTC, XRP and VET while USDT is attached with a higher figure at 13.2%
In addition, Each cryptocurrency has a fixed Cap that would be available for users to invest in. Bitcoin has a cap of 100BTC while that of XRP and VET are 5,000,00 and 100,000,000 respectively.
In addition, the exchange also allows users that don’t get to meet up with the investment to stake with their native token BTR. The BTR will then be locked up for 30 days alongside the staked coins.
Bitrue finally revealed that the investment would be locked by March 5 am UTC and will mature on April 13 after which the staked coins and interest would be returned to the users’ account.
Bitrue is one of the top budding crypto exchanges in Asia and allows membership from across the world. It is a regulated exchange with offices in Taiwan and Singapore. Bitrue has high liquidity with the exchange having a market cap of $266,521,931.