Bitrue unveils new crypto staking service ‘Yield Farming Hub’
Singapore-based crypto exchange Bitrue announced Monday that it has launched its new cryptocurrency staking service called Yield Farming Hub.
Bitrue's new #YieldFarming hub is coming January 10th! Use $BTR to maximize your yield & farm coins at 150%+ APY. Discover why BTR is going to become the world's first #YieldToken.More details at https://t.co/017kCt3wb2 pic.twitter.com/jIxyVHMaYQ— Bitrue (@BitrueOfficial) January 6, 2022
As per the exchange’s announcement, the new program will offer an annual percentage rate of up to 150% across 20 major cryptocurrency pools. Users will be able to earn BTR, Bitrue’s native token, by depositing a certain amount of crypto assets into those pools. A user can choose either BTR or any target crypto asset to perform farming.
Adam O’Neal, Chief Marketing Officer of Bitrue, said:
“By offering such a wide range of investment options with varying lockup periods, returns, and formats, we give our users the freedom to choose an investment strategy that works best for them. It makes BTR the world’s first Yield Token – a coin expressly devoted to maximizing the return on investment for cryptocurrencies.”
Bitrue exchange is especially popular amongst XRP traders after it announced itself as an XRP-centric platform. As of January 2022, the exchange has at least 60 trading pairs linked to XRP.Source