Gate.io, one of the top cryptocurrency exchanges in the world has now provided support to the BitTorrent chain and users would now be able to deposit and withdraw BitTorrent’s native token the BTT, and TRON’s algorithmic stablecoin the USDD.
— BitTorrent Inc. (@BitTorrent) June 16, 2022
In addition to that, Gate.io users can also take advantage of the BTT Lending Account, which is an investment feature on their platform that allows their customers to lend cryptocurrencies at the specified interest rates and loan terms to earn.
Since BitTorrent’s redenomination plan, there has been an increase in cryptocurrency platforms that provided support to the BitTorrent Chain.
What is Gate.io?
Gate.io is one of the top cryptocurrency exchanges in the world and its ranked 7th on CoinMarketCap when it comes to the crypto exchange rankings. They are one of the pioneers when it comes to crypto-to-crypto exchanges from China and has been operating since 2013.
The #BitTorrent network’s efficiency and power have been proven with years of great service!
— Gate.io (@gate_io) June 11, 2022
They are one of the most popular cryptocurrency platforms in the market they gained recognition for their support to over 400 markets and 800 cryptocurrencies, including their native token, the GateToken (GT).
Gate.io is also one of the most secured platforms and provides an easy-to-use interface that attracts both newbie and advanced traders. Apart from its digital asset trading, their exchange platform also offers excellent opportunities for spot trading, margin trading (borrowing and lending), and perpetual swap contracts trading, with 10x leverage.
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.
BitTorrent was acquired by TRON Foundation and continued to provide support for their BitTorrent and uTorrent clients.
Last December, BitTorrent announced that they are 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.
The BTT redenomination plan redenominated old BTT with a swapping ratio of 1:1000.
For more news and updates, see Tron Spark.