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Home Crypto News Market Bitrue Became The First Exchange To List Cardano-Based Tokens

Bitrue Became The First Exchange To List Cardano-Based Tokens

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Bitrue support for Cardano native tokens is the next step in Cardano progress. Bitrue (BTR), a multi tool platform for trading, staking, and a cryptocurrency exchange, is now the first platform to provide support for tokens on Cardano blockchain.

Read: Main Reasons Why Cardano Is Holding Up Strong In Broad Crypto Market Correction



According to the Bitrue team official announcement, the exchange will support Cardano based tokens for the first-time.

Read: Alonzo White Testnet Hardfork Successful, Another Milestone Achieved By IOHK

Bitrue writes:

“Bitrue will be the 1st exchange to support Cardano native assets. These are tokens built on the Cardano ADA chain, giving them great scalability, flexibility and speed. The 1st is OCC OccamFi support before the end of the month.”

 

The Bitrue team, emphasizes that adopting Cardano-based assets eliminates many bottlenecks in terms of performance and  smart contracts availability.

Bitrue writes:

“Cardano Native Assets represent a third-generation solution for asset tokenization on a blockchain. This is due to the unique design of Cardano as a multi-asset ledger, where the technical complexities to both issue (minting), manage, and own a blockchain-based asset are greatly reduced. The multi-asset ledger is a cornerstone that enables Cardano to be a global financial operating system and serve as a platform for a multitude of businesses and applications to be integrated.”

Read: Cardano Foundation Launched Cardano Developer Portal And Celebrated It By Minting World’s First NFTA On Cardano Blockchain



Cardano-native tokens can be used in a variety of use cases, such as DeFi protocols and NFT markets, Governance projects are also possible with the help of Cardano-native tokens.

Occam.fi is the first Cardano-powered project that will list its OCC token on Bitrue Exchange (BTR).

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Mark Brennanhttps://thecryptobasic.com/
Mark is 27, holds a Master degree in Business Administration, and works as a content Creator at TheCryptoBasic mostly on Crypto Market Updates. Since 2014 he has been active in the crypto sector. Thanks to the Business College in which other than Business subjects, he was taught about the disruptive potential of Blockchain. His interests include Blockchain technology and Crypto Market innovations. He also founded a small startup in which he gives lectures on cryptocurrencies.

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