Tier-1 Exchange Bitrue Participates in Cardano Summit 2023
Tier-1 centralized digital asset exchange Bitrue played a significant role in the 2023 Cardano Summit, held at the Grand Hyatt Hotel in Dubai. Dubai has become a hub for tech startups, Web3 investments, and prominent exchanges like Binance.
A Successful Conference for Cardano
The Cardano Summit featured over 20 community-led events, 150 speakers, and thousands of attendees, establishing it as one of the most respected conferences in the digital asset industry. The event was seen as a great success, following the previous summit in Switzerland in 2022.
Bitrue’s CSO Discusses the Future of Centralized Exchanges
Bitrue’s CSO, Robert Quartly-Janeiro, participated in a panel discussion at the summit’s Pitch Arena stage. The panel, titled “New Horizons: The Future of Exchanges,” explored the changing landscape of digital asset exchanges within the Web3 market.
“Dubai’s crypto-friendly environment and clear regulatory frameworks will continue to develop as leaders like Cardano invest in the UAE. We need to focus on where this will take the alternative investment asset class and its associated projects in the next few years,” stated Robert.
During the summit, Bitrue engaged with the Cardano Foundation and explored potential listings, partnerships, investment opportunities through Bitrue Ventures, and collaborations with the broader Cardano community. Bitrue is known for being one of the top 10 exchanges in terms of trade volume and a vocal advocate for the ADA ecosystem.
“Having companies like Bitrue discuss the future of digital assets and Web3 is incredibly valuable. They are sharing the pathways they are taking to turn their vision into reality,” commented Sandro Knöpfel, Head of Financial & Regulated Institutions at Cardano Foundation.
As a long-time supporter of Cardano, Bitrue listed ADA in 2019, making it one of the first investable assets available through their Power Piggy offering. The exchange also invested alongside Cardano in the EX Wing Riders and helped with Cardano’s decentralization by delegating 1 million ADA to liquidity pools in 2021. Bitrue became the first exchange to list Cardano-based native assets and added ADA as a base currency this year.
Hot Take: Bitrue’s Key Role in Cardano’s Growth
The participation of Bitrue, a leading exchange, in the Cardano Summit highlights its commitment to Cardano’s success. By discussing the future of digital assets and supporting Cardano’s initiatives, Bitrue is playing a vital role in the growth and development of the ADA ecosystem. Dubai’s crypto-friendly environment and regulatory frameworks provide an ideal platform for Cardano’s expansion, and Bitrue’s engagement in the summit further strengthens the partnership between these two organizations.
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