Bitget crypto exchange has launched a new feature which enables users to trade or swap their cryptos for over 10,000 digital assets on a DeFi environment. The new feature termed as MegaSwap offers users access to trade through eight influential chains and 10 important DEXs while staying on Bitget’s platform. The feature bridges the freedom and variety of DeFi with the security and convenience of CeFi, enabling users to enjoy the best of both worlds.
While DEXs are becoming more popular among investors who want to quickly acquire a wider range of tokens, CEX customers enjoy secure trading experiences with a choice of products and services. Trading on DEXs, however, is not for everyone. Many people are put off from using DEXs by the knowledge gap and the lack of protection for assets stored on DeFi wallets.
As a result, MegaSwap is created to meet users’ needs for trading in ease and safety, while also enjoying a wide selection of assets and strong liquidity, enabling users to integrate a centralized trading experience in DeFi marketplaces.
“MegaSwap is an important step taken by Bitget in building a safe, dynamic and robust one-stop trading experience to reach the critical mass,” states Bitget Managing Director, Gracy Chen. “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 added.
Users can get the ability to trade more than 10,000 cryptocurrencies on 10 top DEXs, including Uniswap, Pancake, Curve, Sushiswap, and more, by just activating their MegaSwap accounts. MegaSwap has the finest available options for liquidity pools because to the range of DEXs. ETH, BSC, Polygon, OP, Fantom, Klay, HECO, and OEC are just a few of the eight various chains that the feature now supports for transactions.
Users can easily and simply execute cross-chain swaps in one location with the help of MegaSwap. Aside from combining the advantages of CEX and DEX, MegaSwap even further smoothens the trading experience by streamlining payment of gas fees.
Compared to normal DeFi trading, where traders have to prepare different chain-native tokens to pay for gas fees incurred from the transactions, MegaSwap automatically converts gas fees from stablecoin balances in the user’s accounts, allowing users to trade with minimum effort.
Gracy points out that 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,” Gracy added.
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