Leading crypto exchange has announced today the listing of Berachain’s native token, BERA. Trading support is set to commence at 13:00 UTC, February 6, 2025, featuring the BERA/USDT spot pair; withdrawals are scheduled to open at 13:00 UTC, February 7, 2025.
According to the official press release, this listing is part of a bigger collaboration between Bitrue and Berachain. Bitrue is set to provide comprehensive support for the highly anticipated Berachain Layer 1 ecosystem.
is an EVM-identical Layer 1 blockchain based on a novel consensus mechanism dubbed (PoL), which it claims to be superior to Ethereum’s and Solana’s PoS consensus.
Commenting on the listing, Bitrue’s Chief Marketing Officer, Adam O’Neill, emphasized on the importance of giving the exchange’s users early exposure to exciting projects:
“Investors are demanding exposure to exciting new projects as early as possible in order to lock in prices before coins go mainstream, so at Bitrue we’re proud to offer day-1 support for a highly anticipated coin like BERA to our users.”
“Investors are demanding exposure to exciting new projects as early as possible in order to lock in prices before coins go mainstream, so at Bitrue we’re proud to offer day-1 support for a highly anticipated coin like BERA to our users.”
Bitrue is rolling out two special events to celebrate the listing; BERA will be made available in Bitrue’s flexible investment product, Power Piggy, at 10% APR starting February 6th at 14:00 UTC. There will also be a deposit contest for users who deposit BERA on Bitrue, with rewards based on the deposit amounts.
As part of the collaboration, Bitrue has committed to helping Berachain’s ecosystem grow through several activities, including extensive marketing, AMAs, events, and developer support. Notably, the exchange is already done deploying the necessary integrations to support future token listings for projects that will build on Berachain. This will fast-track listings to as little as 24 hours within launch.
“Our work to fully integrate Berachain into our systems additionally ensures that we’ll be able to support this ecosystem and its new tokens at the earliest possible opportunities, helping to connect developers with new supporters,” said Shruti Kohli, Head of Business Development at Bitrue.
It is also worth noting that Bitrue’s mainnet launch and token generation event (TGE) are on the same day that Bitrue is listing the native token, BERA.
This nascent Layer 1 blockchain network leverages the Proof-of-Liquidity (PoL) consensus mechanism which is designed to separate gas tokens from governance tokens; as such, it is able to achieve more stable liquidity while at the same time sustainability incentivizing on-chain participation. So far, more than $2.1 billion had already been staked on this network as the community anticipated the mainnet launch and TGE.
Berachain also enjoys the backing of several investors in the crypto space, having raised $42 million in private funding in April 2023 and later $100 million in the series B round in April 2024.