
Centralized exchange · since 2018
Offshore exchange founded in Singapore, known for XRP-focused markets, offering spot, futures and yield products with its BTR token.
New users: Rewards Center welcome tasks
Claim on Bitrue ↗
Peer-to-peer RFQ derivatives protocol on Arbitrum; its Omni app offers zero-fee perpetuals on 500+ crypto and traditional markets.
New users: Weekly points toward the VAR genesis airdrop, plus loss refunds
Claim on Variational ↗
BitrueVariational
Trading fees (base tier)
Spot maker0.098%—
Spot taker0.098%—
Futures maker0.02%0%
Futures taker0.06%0%
Markets (live)
Coins listed1,777565
Coins with perpetuals727565
Coins with spot pairs1,4500
24h volume$8.29B—
Coins only here499 coins trade on both1,27866
New listings (detected live)
Last 30 days0—
Last 90 days0—
Safety and access
Proof of reservesNot publishedYes · real-time
LicensesNone listedNone listed
Restricted regions9 regionsUnited States, China, Hong Kong, North Korea, Iran…10 regionsUnited States and US territories (incl. Puerto Rico, Guam, US Virgin Islands), Canada, Taiwan, Cuba, Iran…
HeadquartersOriginally Singapore; later operating entity reported in Costa Rica—
Exchange tokenBTRVAR
Incidents on record30
Bitrue or Variational?
Bitrue and Variational are compared here on what matters when you choose where to trade: base trading fees, how many coins each lists, how quickly they add new ones, perpetual prices and funding on the coins both list, and safety signals such as proof of reserves and restricted regions. Live numbers update from the exchanges' public market data; fees and policies were checked against each exchange's own pages.
Bitrue lists 1,777 coins and Variational 565. 499 coins trade on both, 1,278 only on Bitrue and 66 only on Variational. In the last 30 days Bitrue added 0 new coins and Variational —.
Fees above are base-tier rates before VIP levels and token discounts; Bitrue offers 2 discount options and Variational offers 3 discount options. Availability depends on where you live, so check the restricted regions before signing up.