Merging CeFi safety and comfort to DeFi buying and selling surroundings.
Main international cryptocurrency alternate, Bitget launches “MegaSwap“, a brand new function on its platform that allow the platform’s customers to commerce or swap their digital belongings for over 10,000 cryptocurrencies on a DeFi surroundings. With a MegaSwap account, customers can acquire entry to commerce by way of eight influential chains and 10 essential DEXs whereas staying on Bitget’s platform. The function bridges the liberty and number of DeFi with the safety and comfort of CeFi, enabling customers to take pleasure in the most effective of each worlds.
Whereas CEX customers take pleasure in secured buying and selling experiences with diversified services, DEXs are additionally gaining growing traction amongst traders who wish to come up with a extra number of tokens quick. Nevertheless, buying and selling on DEXs isn’t for everybody. Because of the information barrier and the dearth of safety with belongings saved on DeFi wallets, many customers are deterred from getting concerned with DEXs. In gentle of this, MegaSwap is designed to fulfill customers with the demand for buying and selling in comfort and security, whereas having fun with asset selection and excessive liquidity on the similar time, permitting customers to combine a centralized buying and selling expertise in DeFi marketplaces.
Customers solely should activate the MegaSwap account with just a few clicks to unlock the perform of buying and selling over 10,000 cryptocurrencies on 10 main DEXs, corresponding to Uniswap, Pancake, Curve, Sushiswap, and extra. Empowered by the number of DEXs, MegaSwap is supplied with the most effective choices for liquidity swimming pools on the market. The function at the moment helps transactions on eight completely different chains, together with ETH, BSC, Polygon, OP, Fantom, Klay, HECO and OEC. With the help of MegaSwap, customers can full cross-chain swaps effortlessly and straightforwardly in a single place.
Other than combining the benefits of CEX and DEX, MegaSwap even additional smoothens the buying and selling expertise by streamlining cost of fuel charges. In comparison with regular DeFi buying and selling, the place merchants have to arrange completely different chain-native tokens to pay for fuel charges incurred from the transactions, MegaSwap mechanically converts fuel charges from stablecoin balances within the consumer’s accounts, permitting customers to commerce with minimal effort.
Gracy Chen, Managing Director of Bitget, says, “MegaSwap is a crucial step taken by Bitget in constructing a protected, dynamic and strong one-stop buying and selling expertise to achieve the vital mass. Going through fluctuation and uncertainty in latest buying and selling markets, we observe that customers and traders lengthy for the safety of belongings with out sacrificing comfort and efficiency. And MegaSwap gives the fitting answer to attach the dots, which permits customers to benefit from the upsides of DEX and the heightened safety coated by Bitget’s platform. We worth providing customers a wide range of choices and liquidity, and on the similar time, pair with our top-notch safety measures and threat administration, together with cold and hot pockets separation, multi-signature pockets, Zero Belief safety structure and much more to guard customers’ belongings. “
Gracy provides, “DeFi has develop into a vital ingredient of this ever-evolving crypto house, and can be enjoying an element in enriching asset selection and diversifying the crypto ecosystem with CeFi. We intention to be the portal that seamlessly connects CeFi and DeFi with MegaSwap, as we actively hearken to our group and customers to cater to altering market wants and hold ourselves on high of market developments.”
About Bitget
Bitget, established in 2018, is the world’s main cryptocurrency alternate with modern merchandise and social buying and selling companies as its key options, at the moment serving over 8 million customers in additional than 100 nations all over the world.
The alternate is dedicated to offering a safe, one-stop buying and selling answer to customers and goals to extend crypto adoption by collaborations with credible companions, together with legendary Argentinian footballer Lionel Messi, the Italian main soccer crew Juventus, official esports occasions organizer PGL, and the main esports group Staff Spirit.
For media queries, please contact:
sylvia.huang.yq@bitget.com
rachel.cheung@bitget.com
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