Bitget Introduces MegaSwap

Published on: 26.12.2022
Bitget Introduces MegaSwap

Bitget, a leading global cryptocurrency exchange, introduces MegaSwap, a new feature that enables the platform’s users to trade or swap their digital assets for over 10,000 cryptocurrencies in a DeFi environment.

Bitget introduces Megaswap, the most powerful DEX aggregator, which combines the strengths of DeFi and CeFi. With a MegaSwap account, users can gain access to trade through eight influential chains and 10 important DEXs while staying on Bitget’s platform.

About Megaswap 

While CEX users enjoy secure trading experiences with diverse products and services, DEXs are gaining traction among investors who want to get their hands on a wider range of tokens quickly. Trading on DEXs, on the other hand, is not for everyone. Many users are discourage from participating in DEXs because of the knowledge barrier and the lack of protection with assets stored on DeFi wallets.

In light of this, MegaSwap, designed to meet users’ demand for convenience and safety in trading, while also providing asset variety and high liquidity, allowing users to integrate a centralized trading experience in DeFi marketplaces.

Users only need to activate the MegaSwap account with a few clicks to gain access to the ability to trade over 10,000 cryptocurrencies on ten leading DEXs, including Uniswap, Pancake, Curve, Sushiswap, and others. MegaSwap, powered by a variety of DEXs, has the best liquidity pool options available. Transactions on eight different chains currently supports, including ETH, BSC, Polygon, OP, Fantom, Klay, HECO, and OEC. Users can complete cross-chain swaps easily and quickly in one place with the help of MegaSwap.

Aside from combining the benefits of CEX and DEX, MegaSwap makes trading even easier by streamlining the payment of gas fees. Unlike traditional DeFi trading, where traders must prepare various chain-native tokens to pay for transaction gas fees, MegaSwap automatically converts gas fees from stablecoin balances in the user’s accounts, allowing users to trade with minimal effort.

Management Quote

Gracy Chen, Managing Director of Bitget, says, “MegaSwap is an important step taken by Bitget in building a safe, dynamic and robust one-stop trading experience to reach the critical mass. Facing fluctuation and uncertainty in recent trading markets, we observe that users and investors long for the protection of assets without sacrificing convenience and performance. And MegaSwap provides the right solution to connect the dots, which enables users to enjoy the upsides of DEX and the heightened protection covered by Bitget’s platform. We value offering users a variety of options and liquidity, and at the same time, pair with our top-notch security measures and risk management, including hot and cold wallet separation, multi-signature wallet, Zero Trust security architecture and a lot more to protect users’ assets. ”

Gracy adds, “DeFi has become a crucial element of this ever-evolving crypto space, and is also playing a part in enriching asset variety and diversifying the crypto ecosystem with CeFi. We aim to be the portal that seamlessly connects CeFi and DeFi with MegaSwap, as we actively listen to our community and users to cater to changing market needs and keep ourselves on top of market trends.”

About Bitget

Bitget, established in 2018, is the world’s leading cryptocurrency exchange with innovative products and social trading services as its key features, currently serving over 8 million users in more than 100 countries around the world.  The exchange is committed to providing a secure, one-stop trading solution to users and aims to increase crypto adoption by collaborations with credible partners, including legendary Argentinian footballer Lionel Messi, the Italian leading football team Juventus, and official eSports events organizer PGL.

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SOURCE

https://www.prnewswire.com/news-releases/bitget-introduces-megaswap-for-a-re-invented-defi-experience-301709925.html

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