Bitget, a leading platform for crypto derivatives and copy trading, has announced a significant milestone with the launch of its latest Web3 feature. This new feature introduces a Web3 Wallet and Swap service into the Bitget app, enhancing its centralized exchange (CEX) platform with advanced decentralized finance (DeFi) capabilities. The integration represents Bitget’s effort to bridge the worlds of DeFi and centralized finance (CeFi), providing users with a seamless and secure experience that encompasses the best of both realms.
The Bitget Web3 Wallet, coupled with the swap service, has been strategically designed to empower users in the dynamic realm of decentralized finance. This integration marks a strategic shift for Bitget, going beyond its core offerings in derivatives trading. The goal is to offer users access to a broader range of services, including a non-custody wallet, swap functionality, an NFT marketplace, and a decentralized application (dApp) portal. These services will be seamlessly integrated into the Bitget app, granting users easy access to an array of web3 services via a single, user-friendly platform.
Bitget’s Innovative Web3 Wallet and Swap Service Integration
In December 2022, Bitget introduced MegaSwap, a groundbreaking DeFi aggregator that allowed users to seamlessly swap between over 10,000 cryptocurrencies sourced from the top 10 decentralized exchanges (DEXs). The introduction of Web3 features is a natural progression for Bitget as it seeks to create innovative products that harness the strengths of both CeFi and DeFi.
Bitget took a major step in expanding its capabilities by acquiring a controlling stake in BitKeep in April of this year. BitKeep, a well-known multi-chain DeFi wallet, has since been rebranded as Bitget Wallet. This strategic move allowed Bitget to venture into the wallet sector, providing users with native storage and asset management services. Bitget Wallet, which is now a comprehensive platform focused on trading, seamlessly integrates with Bitget Swap. It employs intelligent liquidity aggregation and routing across various DEXs, ensuring that users access the most competitive prices available. Beyond trading, Bitget Wallet also features an NFT Marketplace and a DApp browser, creating a vibrant ecosystem for its user base.
Bitget’s Commitment to Empowering Users with Comprehensive DeFi Services
Gracy Chen, Managing Director at Bitget, expressed the significance of integrating Web3 services into their CEX platform. She highlighted the value of providing users with the freedom to access a variety of DeFi services alongside the security and convenience of the CeFi platform. Bitget’s objective is to create a comprehensive ecosystem that caters to the evolving needs of its users while upholding the highest standards of security and reliability.
The launch of Bitget’s Web3 feature underscores the platform’s commitment to expanding its product offerings beyond derivatives, ensuring that users have a seamless experience when accessing the full spectrum of crypto products and opportunities. Bitget’s innovative approach brings together the best of both DeFi and CeFi, offering a well-rounded and user-centric experience.
