Bitrue First to List GME, Reinforces Commitment to Alternative Finance
In Brief
Bitrue has long championed the idea of alternative finance and reallocating power back to individual-level investors. Since its inception, it was the first exchange to offer staking opportunities for cryptocurrencies, with rates far exceeding the TradFi sector
15 May 2024 – Leading cryptocurrency exchange, Bitrue, reaffirms its commitment to Alternative Finance with the established Gamestop token (GME) listing. Bitrue was the first exchange to list GME in early 2024, demonstrating its dedication to identifying and supporting high-potential tokens within the Alternative Finance movement.
GME is a memecoin built on the popular Solana network. While it has no direct connection to the GME stock traded on the NYSE, this token represents the spirit of the GameStop stock and the community that has built up around it over the past several years.
Championing the Alternative Finance Movement
Bitrue was the first CEX to list GME, in a bid to support the ever-growing alternative finance movement spearheaded by GME and r/WallStreetBets. This organic community first emerged around January 2021, in part spurred on by comments made by Keith Gill aka “Roaring Kitty” who predicted a large recovery of the then-ailing GameStop stock. With a desire to put pressure on short-sellers, many began purchasing GME en masse, causing huge financial losses to institutional firms, and was regarded as a monumental victory for the little guys in finance.
Bitrue has long championed the idea of alternative finance and reallocating power back to individual-level investors. Since its inception, it was the first exchange to offer staking opportunities for cryptocurrencies, with rates far exceeding the TradFi sector.
History of Hidden Gems
Bitrue also prides itself on being able to identify high-potential tokens before the competition, as evidenced not only by the listing of GME months before other exchanges but also through its historical support of tokens such as GALA and LUNA – both of which had their world-first listings on Bitrue and went on to grow hugely in value.
Supporting GME with Continued Initiatives
Bitrue’s dedication to GME extends beyond the listing itself. The exchange has implemented several initiatives to facilitate user participation:
- 0 Trading Fees: Zero trading fees allow users to purchase GME regardless of their budget.
- Staking Opportunities: Attractive APYs of up to 50% incentivize users to hold GME.
For more information, visit www.bitrue.com.
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About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
