UAE Based Bitrump crypto exchange expands digital assets portfolio
Bitrump, a crypto exchange that is based in the UAE, which claims it is regulated in the UAE announced that it is expanding its digital assets portfolio after a lot of planning and preparation. Listing new utility tokens on their platform is their main focus so that it facilitates better trading opportunities and increases trade volume surges. Speaking about listing utility tokens, the Director of Bitrump, Xavier Perry, commented, “Bitrump has all the major crypto listed on its platform. But, owing to the zealous trading response from the global users, we have decided to broaden our list by adding more utility tokens backed up by natural resources. Our sole focus will be on the emerging Altcoins other than the already existing ones.”
In march of 2020 Bitrump announced that Raj Chowdhury would be the executive Director. During the same month Hashcash announced the launch of its virtual currency CFIX on the exchange.
According to the press release Bitrump has added thousand of users in the 2nd quarter of 2020 and also launched its white label architecture.
Bitrump claims that it is the first fully regulated cryptocurrency exchange in the UAE, and that it is engaging with the central bank of the UAE to formulate a regulatory policy framework for crypto exchanges operating in the region. As stated in it about section, ” Bitrump is the first fully regulated cryptocurrency exchange based in the UAE. Bitrump is engaging with the central bank of the UAE to formulate a regulatory policy framework for cryptocurrency exchanges operating in the region.: