Bitget, a popular crypto exchange, has announced the integration of a decentralized finance (DeFi) aggregator into its crypto exchange application. This integration will allow users to easily swap their tokens and access various DeFi services through Bitget's Web3 Wallet.
Expanding Options for Crypto Asset Trading
The main goal of this integration, according to Bitget, is to provide users with more options for trading their crypto assets within the exchange. In addition to the swap feature, the app will gradually include other services such as a non-custody wallet, an NFT marketplace, and decentralized applications (DApps), as stated by Gracy Chen, the managing director of Bitget.
Chen also revealed that most currencies listed in the exchange will be available in the wallet for DeFi trading. This means that users will have access to liquidity from ten decentralized exchanges (DEXs), including popular platforms like Uniswap, PancakeSwap, and Curve Finance.
Web3 Wallet for Secure Asset Management
Bitget's Web3 Wallet lies at the core of this integration, providing users with a secure storage, management, and control solution for their digital assets. Alongside the wallet, Bitget has launched a Swap service, which serves as an advanced DeFi aggregator.
Moreover, this integration is part of Bitget's broader move to expand its business into the wallet sector. By offering asset management services and native storage, Bitget aims to enhance the overall user experience and provide a comprehensive solution for crypto enthusiasts.
Growth and Expansion in the Crypto Space
Bitget's acquisition of the crypto wallet BitKeep resulted in significant growth for the exchange. After the integration, Bitget witnessed notable improvements in specific metrics during the first half of 2023.
The exchange has been actively working to increase its reach in the crypto space. Earlier this year, Bitget launched a $100 million fund to support venture firms and invest in the next generation of Web3 projects. Additionally, on September 12, Bitget introduced the Bitget EmpowerX Fund, another $100 million fund aimed at maximizing the company's long-term impact by investing in analytics firms, media organizations, and regional exchanges.
With the integration of the DeFi aggregator and the continuous efforts to expand its services, Bitget is positioning itself as a trailblazer in the evolving crypto landscape, providing users with more opportunities to engage in the world of decentralized finance.
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