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Crypto app tap goes live on Bithumb Global

By Sunniva Kolostyak

July 02, 2020

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Unified crypto banking app tap has listed its XTP Digital asset on cryptocurrency exchange Bithumb Global‘s GEM board, exposing the Tap Token $XTP to new traders.

tap, which launched to the public on 24 February this year, aims to bridge the gap between traditional and non-traditional currency.

It said the new listing means the token will have more liquidity and higher trading volumes and will also provide momentum for other exchange listings.

tap logoArsen Torosian, Founder and CEO of tap, said: “We are excited to be listed on Bithumb Global which should see an increase in our exposure, especially in Asia, Bithumb Global’s main hub. At tap, we feel it is important that the value of the token is securely anchored to the success of the project.

The crypto app believes investors can take confidence from four of its offered features: pay transactions fees in $XTP to receive 25 per cent discount, stake Tap Tokens $XTP for better accounts, a monthly Tap Token $XTP burning, and partner staking.

Since the launch, tap has attracted over 6k customers organically and is still the only company in Europe currently operating a MasterCard license and regulated to traded and store customers’ digital assets by the Gibraltar Financial Services Commission.

Torosian added: “What we do is combine the legacy of traditional banking with the allure of the crypto market to allow customers to easily access their crypto and use this as an additional or alternative method of personal finance.”

tap currently supports the three cryptocurrencies BTC, ETH and LTC, as well as fiat currencies USD, EUR and GBP. The app plans on expanding the supported currencies to any cryptocurrency with a daily traded volume of over $1 million and the top 14 fiat currencies supported by the card scheme.

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