Biconomy Exchange: Opens BTTC Deposits and Withdrawals

Biconomy Exchange, a Canadian digital asset exchange has listed BitTorrent’s BTTC on their platform with BTTC/USDT trading pair.

Asides from the newest trading pair on the digital asset exchange, they also opened BTTC deposits and withdrawals yesterday for its users.

BitTorrent Chain Token (BTTC) is the native token of BitTorrent which is a peer-to-peer network for file and data sharing where users can also buy and sell bandwidth in exchange for the BTTC.

What is Biconomy Exchange?

Biconomy is a cryptocurrency exchange registered in Canada and founded in October 2019.

The exchange platform holds a US MSB Licence which offers financial services such as spot trading and P2P trading. They support a wide range of top cryptocurrencies on their exchange such as Bitcoin, Ethereum, Tether, Ripple and TRON just to name a few.

Asides from the financial services mentioned above, they also have a feature called launchpad where they help raise funds, marketing, and partnerships with new projects.

Biconomy also has a farm feature where users can earn rewards and Biconomy Earn allows them to earn interest by holding funds on their accounts.

The said platform has its own Biconomy Tokens (BIT) which is a decentralized digital asset based on the Binance Smart Chain and is BEP20 compliant. It provides a wide range of applications and benefits to its holders.

What is BitTorrent?

BitTorrent is based in San Francisco and was founded on September 22, 2004, by Bram Cohen and Ashwin Navin. It is the largest decentralized P2P communications protocol for distributing data and large files over the Internet.

In 2018, BitTorrent was acquired by TRON Foundation and continued to provide support for their BitTorrent and uTorrent clients.

Last December 2021, BitTorrent announced that they were launching the first scalable heterogeneous cross-chain interoperability protocol called BitTorrent Chain and this has resulted in the BTT redenomination plan that led to the creation of the BTTC which was the new native token of the BitTorrent platform.

Have you tried trading BTTC on Biconomy? Let us know in the comments section below.

For more news and updates, see Tron Spark.

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Meet Jino Tokieda, a skateboarder for over two decades and a proud father of two. Jino is a unique individual, as he is a Japanese Filipino, and brings a unique perspective to his writing. With over 21 years of experience in the skateboarding world, Jino has a wealth of knowledge and experience to share with others. In addition to his skateboarding career, Jino has also worked as an account executive for a global photography company, giving him a diverse background and a unique perspective on the world. Since 2020, Jino has been writing articles for Tron Spark and has been involved with the TRON crypto community for a few years. With his vast knowledge and experience, Jino is sure to provide valuable insights and information to his readers.