BetterBetting Lists on HitBTC Exchange

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Estonia-based BetterBetting, a decentralized, peer-to-peer sports betting system, announced on Friday that it is now listed on the HitBTC exchange. HitBTC, a global trading platform with multi-currency support, has been operating as an exchange since 2013 and has been consistently among the top 10 exchanges, according to the statement. At the time of the announcement, it had a trading volume of USD 431,266,065.

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The exchange has markets for trading digital assets, tokens and initial coin offerings, and provides a wide range of features as well as stable uptime.

“HitBTC has strict criteria for listing and requires an extensive amount of due diligence prior to extending an offer, so we are pleased to have established this partnership with them,” stated BetterBetting CEO Adrian Brink. “We anticipate having an active community and an increasing demand for the BETR token.”

The blockchain betting system also stated that it has raised more than USD5.5 million from its recent initial coin offering, which closed on Jan. 31 and, on Friday, that it is collaborating with Bancor, a decentralized liquidity network.

“By integrating the Bancor Protocol, BETR token holders will gain access to continuous liquidity regardless of trade volume or exchange listings, through the Bancor Network,” the company stated. “BETR will activate a ‘token relay’ with its circulating token supply and users will be able to purchase and sell BETR tokens directly at a formulaically calculated price.”

Additional networks for trading the BETR token are Etherdelta, Idex, Waves and Bisq, according to BetterBetting.

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About Ken Silva

Ken Silva is a journalist who covers the financial services industry in the Cayman Islands and the British Virgin Islands.

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