DeFi
Bitget Wallet Announces Investment in New Marketplace Asset Trading Platform, Targeting Multi-Trillion Dollar Markets Beyond DEXs
VICTORIA, Seychelles, June 28, 2024 /PRNewswire/ — Leading Web3 wallet and DeFi platform Bitget Wallet announced a joint investment with crypto investment firm Foresight X in Tomarket, a decentralized trading platform for emerging asset classes.
Bitget Wallet Announces Investment in New Asset Trading Platform Tomarket, Targeting Multi-Trillion Dollar Markets Beyond DEXs
Developed by industry experts from prestigious companies such as Binance and Microsoft, At the market is designed to meet the needs of markets and users beyond those already provided by conventional decentralized exchanges (DEX). The platform facilitates real-world asset (RWA) trading, crypto asset yield exchanges, crypto points, pre-TGE assets and other new asset types, improving liquidity and discovery of value in these sectors.
With the end goal of tapping into the massive trillion-dollar market occupied by these new stories, Tomarket will first be available to users as a Telegram mini app when it officially launches in July, giving users a convenient and user-friendly entry point. in this innovative platform.
The year 2024 marks a significant growth phase for the crypto industry, catalyzed by the Bitcoin halving as well as the SEC’s approval of the Bitcoin ETF. This period of growth also saw the emergence and thriving growth of various new asset classes and narratives, such as crypto project point trading, pre-TGE tokens, RWA assets, and interest rates on digital assets. These new assets possess considerable market potential and demand, but they face challenges such as low liquidity and high transaction costs. Additionally, the current market does not have a comprehensive, single platform to meet the trading needs of these new assets. Tomarket was specifically created to address these challenges and unlock the full potential of these assets.
Expressing his excitement for this collaboration, Alvin Kan, COO of Bitget Wallet, said that “trading has always been at the core of the crypto industry. Beyond traditional tokenized assets, new asset types such as RWA and points deserve special attention.”
He goes on to say that Bitget Wallet will remain steadfast in its commitment to meeting the evolving needs of its users: “Through our investment and product collaboration with Tomarket, we aim to explore and develop markets beyond traditional DEXs, driving growth in trading new crypto assets, solidifying our commitment to meeting new user needs as they arise. »
In a strategic move earlier this year, Bitget Wallet announced the introduction of Bitget Onchain Layer, a middleware layer designed to help users navigate the complex Web3 ecosystem. This layer serves as an on-chain extension and decentralized future for the entire Bitget ecosystem. As the first partner of the Bitget Onchain Layer ecosystem, Tomarket will be deeply integrated with Bitget Wallet. This development will also see the further expansion of the use cases for BWB, the wallet’s native token, as this strategic partnership with Tomarket marks the beginning of a series of sustained ecosystem growth and user engagement for all Bitget Wallet users.
About Bitget wallet
Bitget Wallet is the largest Web3 wallet in Asia and one of the largest in the world, with over 20 million users worldwide. It offers a full range of features including asset management, intelligent market data, swaps trading, launchpad, listing, NFT, DApp and token earning center. Currently, it supports over 100 major blockchains, hundreds of EVM-enabled chains, and over 250,000 cryptocurrencies. Bitget Wallet improves liquidity by aggregating it across hundreds of leading DEXs and cross-chain bridges, facilitating seamless trading across nearly 50 blockchains.
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