Bitrue Exchange has announced the launch of a new BTR-BUSD liquidity farm that will expand their native BTR token deeper into the PancakeSwap ecosystem.
The BTR-BUSD pair on PancakeSwap has now been added to PancakeSwap’s exclusive farming program so that every LP token holder can put their stocks and generate CAKE for themselves.
Crypto lovers will finally have an additional easy way to participate in CAKE farming via the Bitrue DeFi service over the next 7 days. You can wager BTR and USDT and earn CAKE with up to 120% APR starting May 19th at 10:00 UTC.
Bitrue also unveiled a syrup pool that allows CAKE holders to set their stocks and earn BTR on PancakeSwap, the leading DEX for Binance Smart Chain.
PancakeSwap announced in a post that they want to give CAKE owners the opportunity to earn a high APY through Bitrue’s new syrup pool. The DEX will provide a BTR-BUSD farm to facilitate hosting the BTR syrup pool. Yield farming is enabled for users who add liquidity to the BTR-BUSD pair.
This new farm offers a wagering limit of 100 CAKE per user with 2x CAKE rewards for the first 48 hours, followed by 1x CAKE rewards afterwards.
After the announcement of the BTR price recovered over 40% Within 24 hours, crypto enthusiasts wanted to join the income farming platform.
CAKE holders can earn a total of 2.5 million BTR tokens within 60 days. The syrup pool opened at 5 a.m. UTC on May 18 and is scheduled to close at 5 a.m. UTC on July 17.
Bitrue sees a massive increase in registered users
Bitrue builds a diversified exchange that integrates multiple services into one centralized platform including trading, DeFi, investing and more. The fast-growing exchange, which has made a name for itself as the leading XRP trading platform, has benefited massively from the surge in XRP in recent weeks.
April 17th, Bitrue announced that it had exceeded 4 million registered users when XRP was trading at multi-year highs on the exchange. Trading activity on Bitrue also rose 400% in the wake of the XRP bull run triggered by a better-than-expected outlook for Ripple Labs in its lawsuit with the SEC.
Since then, Bitrue coin (BTR) with a market capitalization of over $ 40 million, according to data from CoinMarketCap, has continued to enjoy amazing adoption. The number of assets owned by Bitrue users has also passed the $ 2 billion mark.
This remarkable growth is due in part to the stock market’s decision not to do so Delist XRP after the legal action taken by the SEC against Ripple at the end of 2020.
Bitrue Exec says crypto will go mainstream in 2021
Adam O’Neill, Bitrue’s Chief Marketing Officer, sees the explosion in trading volume on his platform as a bullish sign for the emerging crypto sector.
“We saw a phenomenal 400% increase in trading volume, which for us is a strong sign that 2021 will be the year when cryptocurrencies really go mainstream,” he commented.
Bitrue continues to focus on using the blockchain to bring financial opportunities to all people, regardless of their financial situation or location.
BTR supports the entire range of services of the Crypto Investment Platform. The native token can also be used to lower trading fees, raise interest rates, and access all of the exchange’s DeFi opportunities.