Bitcoin

Tap enables xtp trading, with 7 trading pairs

XTP trading goes live on Tap app.

[Gibraltar, March 15] The esteemed trading app, Tap, provides crypto trading services to users around the world. Regulated by Gibraltar Financial Services Commission, the platform offers a top tier service of buying, selling, storing, and spending cryptocurrencies. Alongside the app, the company also offers a prepaid crypto card. With big names behind them, it is no wonder why the brand is flourishing in the growing crypto market.

Since launching in 2019, the app’s user base has grown substantially. The platform witnessed an 200% influx of new users over just the past few months. Trades on the Tap app are powered using smart trade technology, which essentially scans the top exchanges and hundreds of order books to find the most competitive price at that current moment. The platform then allows users to tap into these prices whether buying or selling, ensuring that they’re always coming out on top.

Facilitating these services is the Tap token (XTP). Also launched in 2019, the token was welcomed to massive acclaim, trading on the leading blockchain trading platform Bittrex in just a matter of days. While Bittrex has been offering XTP trade against Bitcoin, Tap launched several other trading pair options for users to take advantage of XTP is also available on several other markets, notably Bithumb Global (XTP/USDT), Probit Exchange (XTP/KRW, XTP/USDT), and Valr (XTP/BTC).

Launched today, the Tap app has made XTP available to be traded against the following currencies: EUR, GBP, USD, BTC, ETH, LTC, HT (Huobi Token). Users can now buy and sell XTP with all the supported currencies on the platform, both fiat and crypto. Users holding the XTP token when trading on the Tap app receive benefits such as reduced transaction fees, by up to 25%. The XTP token undergoes a monthly burn, putting upward pressure on the token’s price. You can read more about the XTP token here.

The function that allows users to stack XTP to earn higher card levels and upgrade their card status will go into effect at the end of the month (March 2021). At this stage, users will also be able to pay their trading fees on the app using XTP instead of the trade currency.

The Tap app is available for download from the App Store and Google Play.

If you would like more information on the Tap app, please find the whitepaper here, alternatively you can contact Rayne Davis at marketing@tap.global.

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