Which exchange is the earliest for THORChain(RUNE) currency?

Gate.io was the first centralized exchange to support THORChain (RUNE) trading in May 2021, providing early access to the token for traders.

Dec 07, 2024 at 05:48 pm

Which Exchange is the Earliest for THORChain (RUNE) Currency?

THORChain (RUNE) is a decentralized liquidity network that facilitates cross-chain asset swaps without the need for intermediaries. Its native token, RUNE, is used for governance, staking, and network fees.

Background on THORChain's Integration into Cryptocurrency Exchanges

• THORChain's Early Development: THORChain was initially launched in 2019 and initially listed on decentralized exchanges (DEXs) such as Uniswap and PancakeSwap.
• Centralized Exchange Listings: In May 2021, THORChain partnered with Gate.io to become the first centralized exchange (CEX) to support RUNE trading.
• Expanding CEX Support: Following its initial listing on Gate.io, RUNE was gradually listed on several other CEXs, including Binance, KuCoin, Huobi, and Crypto.com.

Ranking of CEXs for Early THORChain Support

1. Gate.io

• Listed: May 2021
• Trading Pairs: RUNE/USDT, RUNE/BTC, RUNE/ETH
• Features: Competitive fees, high liquidity

1. Binance

• Listed: June 2021
• Trading Pairs: RUNE/USDT, RUNE/BUSD, RUNE/BTC
• Features: Extensive trading tools, large user base

1. KuCoin

• Listed: July 2021
• Trading Pairs: RUNE/USDT, RUNE/BTC, RUNE/ETH
• Features: Low trading fees, user-friendly interface

Detailed Overview of CEXs for THORChain Support

1. Gate.io

• Early Listing: Gate.io was the first CEX to list RUNE, providing early access to the token for traders.
• Robust Trading Environment: Gate.io offers a comprehensive trading platform with advanced order types, charting tools, and risk management features.
• Strong Liquidity: Gate.io maintains high liquidity for RUNE trading pairs, ensuring efficient execution of orders.

2. Binance

• Market Leader: Binance is the world's largest cryptocurrency exchange, providing significant exposure to RUNE.
• Widely Accessible: Binance is available in over 180 countries, allowing traders worldwide to access RUNE.
• Extensive Trading Features: Binance offers a wide range of trading tools, including margin trading, futures contracts, and spot trading.

3. KuCoin

• Low Fees: KuCoin boasts low trading fees, making it cost-effective for traders to buy and sell RUNE.
• User-Friendly Platform: KuCoin's user-friendly interface makes it easy for both experienced and novice traders to navigate.
• Diverse Trading Pairs: KuCoin supports multiple trading pairs for RUNE, including USDT, BTC, and ETH.