The Bitrue platform is about to hit 2 years in the cryptocurrency industry. Originally launched in mid-July 2018, we started with the brave "all-in" mentality of supporting XRP, and since then we have gone from strength to strength with the addition of new features and upgrades for 24 solid months.
In order to understand the best way to progress in the future, we feel it's important to see what we've already achieved and learn from both our successes and failures. As we recently had some time to look back on our history when we put together our White Paper 2.0, we thought it was worth sharing a deeper look at our achievements.
Key Success #1 - Serving the XRP Community
It's no secret that we fell in love with XRP at an early stage. Our CEO Curis Wang often looks back at his first meeting with Ripple executive Emi Yoshikawa as one of the defining moments of our history. We were the first exchange to offer XRP as a base pair at a time when many exchanges weren't listing XRP at all, and since then XRP has been at the heart of all the features that we've launched. It can be invested in Power Piggy, borrowed or used as collateral in Bitrue loans, or bought using your credit card. We also voluntarily run an XRP Validator as we believe it's important to contribute to the decentralization of this coin. Every step of the way the XRP community has been giving us their full support, and we are very grateful for it. We're now happy to play host to over 1.5 million registered users, of which more than 30% make at least one trade every month.
Key Success #2 - Launch of Power Piggy
Did you know that Power Piggy was the first crypto investment product on the market? The idea for this product came about from Bitrue's Mission Statement - "Enable people worldwide to access fair financial services through innovative technology." Recent years have seen financial opportunities close off for the younger generations and the unbanked around the world, but these people still want to be able to invest responsibly to receive fair gains. We found that when we stripped away the excesses and greed of the traditional financial industries, we were able to offer fair interest rates of up to 10.3% on a selection of cryptocurrencies. The opportunity has been welcomed by users across the world, and the model has now been adopted by numerous large platforms and exchanges.
Key Success #3 - Consistent Rapid Development
In our 2 years of activity we have been developing and pushing updates non-stop from our team of 40+ engineers. Part of this mentality comes from our executive team's background in the technology sector, where quick launches and updates are vital to get an edge on the competition. Among the numerous updates that come out frequently are new additions to the Power Piggy, dark mode added to the website, the launch of Bitrue Loans, weekly security enhancements and wallet upgrades, speed improvements to our matching engine, the addition of new K-Lines, improvements to our backend architecture to support over 300 million dollars of daily trading volume, the establishment of our public insurance wallet, and new partnerships which enable us to offer crypto via credit card or wire transfers. We never stop planning, we never stop building, and we never stop growing.