Bitget Introduces MegaSwap for a Reinvented DeFi Experience – Press Release Bitcoin News

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Press release

PRESS RELEASE. Seychelles, December 26, 2022 – Global leader in cryptocurrency exchange, Bitget is launching “MegaSwap”, a new feature on its platform that allows users of the platform to trade or exchange their digital assets for more than 10,000 cryptocurrencies on a DeFi environment. With a MegaSwap account, users can access trade through eight influential channels and 10 prominent DEXs while remaining on Bitget’s platform. This feature bridges the freedom and variety of DeFi with the security and convenience of CeFi, allowing users to enjoy the best of both worlds.

While CEX users enjoy secure trading experiences with diverse products and services, DEXs are also growing in popularity among investors who want to quickly get their hands on a wider variety of tokens. However, DEX trading is not for everyone. Due to the knowledge barrier and lack of protection with assets stored on DeFi wallets, many users are discouraged from getting involved in DEXs. In light of this, MegaSwap is designed to satisfy users with the demand for convenience and security trading, while benefiting from a variety of assets and high liquidity at the same time, allowing users to integrate a centralized trading experience in DeFi markets.

Users just need to activate MegaSwap account with just a few clicks to unlock the function of trading over 10,000 cryptocurrencies on 10 major DEXs, such as Uniswap, Pancake, Curve, Sushiswap, etc. Backed by the variety of DEXs, MegaSwap is equipped with the best options for liquidity pools. The feature currently supports transactions on eight different chains, including ETH, BSC, Polygon, OP, Fantom, Klay, HECO, and OEC. With the help of MegaSwap, users can perform cross-chain swaps effortlessly and directly in one place.

In addition to combining the advantages of CEX and DEX, MegaSwap makes the trading experience even easier by streamlining the payment of gas fees. Compared to normal DeFi trading, where traders need to prepare different on-chain native tokens to pay gas fees incurred by transactions, MegaSwap automatically converts gas fees from stablecoin balances in user’s accounts. , allowing users to trade with minimal effort.

Gracy Chen, Managing Director of Bitget, said, “MegaSwap is an important step taken by Bitget in building a safe, dynamic and robust unique trading experience to reach critical mass. In the face of the fluctuations and uncertainty in recent trading markets, we observe that users and investors yearn for asset protection without sacrificing convenience and performance. And MegaSwap provides the right solution to connect the dots, allowing users to enjoy the benefits of DEX and the strong protection covered by the Bitget platform. We value providing users with a variety of options and liquidity, and at the same time, we partner with our best-in-class security measures and risk management, including the separation of hot and cold wallets, the multi-signature wallet, Zero Trust security architecture and more to protect user assets. ”

Gracy adds, “DeFi has become a crucial part of this ever-evolving crypto space, and also plays a role in enriching asset variety and diversifying the crypto ecosystem with CeFi. Our goal is to be the portal that seamlessly connects CeFi and DeFi with MegaSwap, as we actively listen to our community and users to respond to changing market needs and keep up to date with market trends.

About Bitget

Bitget, established in 2018, is the world’s leading cryptocurrency exchange with innovative products and social trading services as its core features, currently serving over 8 million users in over 100 countries around the world.

The exchange is committed to providing a secure and one-stop trading solution to users and aims to increase crypto adoption through collaborations with credible partners including legendary Argentine footballer Lionel Messi, top Italian football team Juventus , the official PGL esports event organizer and esports leader Team Spirit.

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