Bitoro’s Month in Review Update — June 2024

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Bitoro Network

4 min readJul 1, 2024

As June concludes, we take a quick look back on one of the most action-packed months for the Bitoro community thus far. Last month, we saw significant changes to our trading platform, with the introduction of a brand new order book and many new trading pairs, asset classes, and opportunities. So strap in, we’ve got a lot to cover.

Injective launch

Unless you’ve been taking a sabbatical from social media, you’ve probably heard about our launch on Injective. As we hinted back in May, we’ve successfully launched a brand new order book on the Injective blockchain, which comes with a ton of new features and trading options.

Injective offers one of the fastest, most secure, and cost-efficient networks on the market. Bitoro traders can now take advantage of these features by trading decentralized perps with virtually instant settlement times at some of the lowest fees of any decentralized exchange.

Perhaps more importantly, the new order book has also spawned a number of new assets and trading pairs on Bitoro, ranging from new crypto perps to real-world assets (currently supporting fiat currencies and gold) and even spot markets. This brings great diversification to Bitoro and will further drive our mission to offer a CEX-like experience.

If you want to start trading on our Injective exchange, be sure to check out this step-by-step guide.

BitoroX vs. BitoroPro

Another key benefit of Injective’s “blockchain built for finance” is its compliance-ready infrastructure. Thanks to this feature, institutions worldwide can now trade on Bitoro and easily fulfill all regulatory requirements.

To avoid confusion, we have therefore decided to name our Injective order book BitoroPro.

Our Orderly order book, on the other hand, has been rebranded as BitoroX. Of course, we will continue to develop BitoroX with the same passion as BitoroPro, with the intention of making it as user and beginner-friendly as possible.

As a reminder, both BitoroX and Pro will earn you Bitoro Points for every $100 trading volume, and both will support our trading competitions.

In the news

In other positive news (pun intended), we were delighted to see some of crypto’s biggest and most trusted media to cover our launch on Injective. In case you missed them, you can find a summary of the best articles below.

Competitions and challenges

June also marked the beginning of a brand new trading competition. Dubbed the Centurion Trading Cup, it awards 1 million Bitoro points to the top 100 traders (by volume) twice a week. The competition restarts every Monday and Sunday, which means that everyone has a chance of making it to the top!

Additionally, the team has been working on several new challenges and competitions that will be released in early July — but more on that later.

BitoroX: Ethereum mainnet & new listings

While we launched BitoroPro, BitoroX hasn’t been sleeping. In fact, our Orderly order book now supports trading on the Ethereum mainnet and has also listed the following new perp pairs:

$1000PEPE, $1000BONK, $TON, $STG, $FLOKI, $PEOPLE, $BOARD, $IO, $ZK, $PONKE, $ZRO. Moreover, the following assets can now be traded with up to 20x leverage: $AVAX, $BNB, $DOGE, $LINK, $MATIC, $NEAR, $SOL, $TON, $XRP.

What’s next?

Our biggest goal for July is to build awareness of Bitoro Pro within the injective ecosystem and launch some cool co-marketing initiatives. To achieve this, we’ve teamed up with Injective’s core team and Ninji (native INJ wallet) to launch a series of challenges and competitions. There will be a number of cash and crypto prizes up for grabs, so stay tuned to find out more soon.