Bitrue, a leading crypto exchange, has revealed plans to list Starknet’s STRK Token, making it possible for users to trade and deposit this cryptocurrency. The exchange will communicate specific dates for trading and deposits shortly.
In a recent Starknet Foundation blog post on February 14th, the highly anticipated Starknet Provisions Program is poised to distribute over 700 million STRK to nearly 1.3 million addresses. Commencing at 12:00 (UTC) on February 20th, 2024, users can claim their share of the airdrop on the Starknet Mainnet.
Starknet is a layer-2 validity rollup network that aggregates transactions off-chain into STARK proofs and submits them as single transactions to Ethereum, thus improving its scalability. This results in increased throughput and reduced costs while upholding Ethereum’s security. The STRK token fuels Starknet network operations and incentivizes participation, offering new trading and investment avenues.
Bitrue remains committed to expanding its token listings to foster decentralized finance growth. The Starknet partnership advances layer-2 infrastructure crucial for broader blockchain adoption. With STRK access, Bitrue users can engage in Starknet’s vision for rapid, secure, and cost-effective Ethereum transactions.
The popularity of Starknet is largely driven by its reliance on STARK technology – one of the safest and most scalable cryptographic proof systems available. The platform’s infrastructure is built on the Cairo programming language, which supports a wide range of use cases for deploying and scaling any business logic on the blockchain.
The perpetual futures market reflects the growing anticipation around Starknet’s airdrop and STRK debut. STRK-USD futures are currently trading at $1.96, indicating active trading interest before the official token debut. The 24-hour trading volume stands at approximately $1.3 million, with a 9.31% increase in price, suggesting positive sentiment among traders. The high open interest of around $1.39 million also reflects the market’s high anticipation of the STRK airdrop on February 20th.
The upward trend in futures trading and higher buy volume than sell volume further demonstrate market optimism about the token’s future performance. These notable pre-launch perpetual trading activities suggest that STRK could debut with a market cap of over $1 billion, taking place among the top ten largest layer-2 tokens. Bitrue has always aspired to be among the first movers in the dynamic crypto market. The early listing of STRK will allow the exchange to provide a safe and secure platform for the community to trade this much-anticipated asset.
The exchange was recently featured as one of the best platforms for crypto staking because of its highly rewarding APYs and user-friendly staking mechanisms. Since its launch, Bitrue has facilitated over $371 million in USDT staking and distributed more than $23 million in rewards. The platform’s comprehensive and accessible trading features will provide convenient trading experiences for Starknet enthusiasts – and existing Bitrue users will be able to gain instant trading access to one of the most popular token debuts of the year.
As Bitrue prepares to introduce Starknet’s STRK Token, traders and enthusiasts can anticipate associated promotional campaigns. Stay tuned for updates on trading and deposit opening times, which are forthcoming soon.
About Bitrue
Bitrue is a leading cryptocurrency exchange founded in 2018. With a daily average trading volume of $10 billion, it is the world’s 6th largest platform for spot trading. Bitrue aims to democratize access to blockchain and digital assets infrastructure by allowing users to invest, buy, and sell over 700 cryptocurrencies.
One of the standout features of Bitrue is its investment and savings products, which offer users the ability to earn interest on their cryptocurrency holdings or invest in pre-screened crypto projects. These products provide additional opportunities for users to grow their digital assets portfolio beyond simple trading
