Bitrue, a pioneer in cryptocurrency services, has announced that it is pursuing an aggressive strategy in listings and promotions within the SUI ecosystem.
SUI is a relatively new network built to solve many of the problems with traditional networks, with a focus on making it easy to create and deploy smart contracts and decentralized apps. It achieves this goal through parallel transaction processing, allowing for a large transaction throughput supporting more than 125,000 transactions per second.
Bitrue has identified SUI as a key growth sector for the remainder of 2024 and early 2025, with numerous projects built on SUI currently in the investment or listing process.
As of October 23rd, Bitrue will be providing the following extra services to its customers.
– USDC will be transferable on the SUI network, enabling lightning fast transaction times on one of the world’s most popular stablecoins. USDC held by Bitrue users becomes platform agnostic, meaning that even if users had previously deposited USDC via another network (e.g. Ethereum ERC20), they can withdraw on the SUI network or any other network they please.
– Sudeng (HIPPO), the most popular memecoin on the SUI network, will be open for deposits, with trading on a USDT pair opening on October 24th. HIPPO will also be investable into Bitrue’s Power Piggy flexible investment program, with interest rates of up to 150% APR. Additionally, a staking pool will be opened where users can stake their HIPPO to earn SUI at 30% APR.
“As the market grows increasingly strong, we’re seeing a huge demand from our userbase for diversified investment options, with many consumers once again looking to onboard themselves with high-potential coins as early as possible.” said Adam O’Neill, Chief Marketing Officer at Bitrue. “With SUI we’ve identified a great number of projects that show significant potential, and we’re happy to bring them to our customers through our diversified range of cryptocurrency services.”
Bitrue has previously shown good form in identifying high-value projects, being the first exchange to list tokens like GALA and XDC which went on to have astronomical returns. Bitrue will have more announcements regarding SUI projects in the coming weeks.
