VICTORIA, BC: VICTORIA, BC, Dec. 9, 2024 /PRNewswire/ — The Bitrue cryptocurrency exchange, a noted pioneer in the industry, has today announced an official collaboration with Babylon Labs to provide their users with a brand new Bitcoin native staking rewards program. Babylon Labs have developed an innovative solution that uses the existing features of the Bitcoin network to allow for the staking of BTC without relying on bridges or smart contracts. This ensures that the Babylon staking solution maximally benefits from the inherent security of the Bitcoin blockchain, and in turn, the incentivization of staking helps bolster the security of other L2s and projects that are secured by Bitcoin. Users who choose to stake are rewarded for their contributions with Babylon Points, similar to wildly popular protocols such as EigenLayer that have been built on other chains such as Ethereum and Solana.