Bitrue Launches 70,000 XRP Trading Contest with Deposit and Volume Rewards
Bitrue has launched a promotional XRP trading event running until March 13, 2026 (03:00 UTC), offering over 70,000 XRP in rewards. The campaign has two tasks: (1) deposit at least 3,000 XRP to receive an instant 10 XRP bonus (limited to the first 2,000 depositors); (2) execute at least 200 USDT worth of trades on XRP pairs (e.g., XRP/USDT, XRP/RLUSD, SOL/XRP) to qualify for a share of 50,000 XRP allocated proportionally by trading volume. Ultra-high-volume traders who clear $500,000 during the event qualify for zero maker and taker fees for April; they must register separately. Bitrue cites renewed interest in XRP, with trading volumes reportedly up to 200% versus two weeks prior, and aims to give its ~40 million users an entry point to capitalise on potential XRP moves. The exchange supports 700+ tokens and offers spot, futures, staking and other services. This is a paid press release and not trading advice.
Bullish
Promotions that reward deposits and trading volume typically increase on-exchange liquidity and short-term trading activity for the targeted asset. Bitrue’s contest directly incentivises XRP purchases/deposits and spot trading across XRP pairs, which can lift trading volumes and bid-side pressure in the short term. The added incentive of fee waivers for ultra-high-volume traders further encourages large orders and tighter markets. Historically, exchange-led reward campaigns (airdrops, contests, fee discounts) have produced temporary price uplift and volume spikes for their target tokens. However, effects are often transient: once the promotion ends, some buying pressure may fade and early participants may take profits. Given the scope (70,000 XRP and promotional claims of 200% volume increases), expect a noticeable short-term bullish effect on XRP liquidity and price volatility, but limited long-term impact unless accompanied by broader fundamental drivers (regulatory clarity, ETF flows, protocol developments). Traders should watch order book depth, whale activity, and whether other exchanges see mirrored volume increases to assess sustainability.