DeFi
Bitget Wallet Announces Investment in New Marketplace Asset Trading Platform, Targeting Multi-Billion 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 Marketplace Asset Trading Platform, Targeting Multi-Billion 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 yield swaps, crypto points, pre-TGE assets, and other new asset types, thereby improving liquidity and value discovery in these sectors.
With the ultimate goal of tapping into the massive trillion-dollar market occupied by these new narratives, Tomarket will first be available to users as a Telegram mini-app when it officially launches in July, providing users with a convenient and user-friendly entry point into 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 approval of the Bitcoin ETF. This growth period has also seen the emergence and flourishing growth of various new asset classes and narratives, such as crypto project point swaps, pre-TGE tokens, RWA assets, and interest rates on digital assets. These new assets have considerable trading potential and demand, but they face challenges such as low liquidity and high transaction costs. Moreover, the current market lacks a comprehensive and single platform to meet the trading needs of these new assets. Tomarket was specifically created to address these challenges and unleash 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 the growth of new crypto asset trading, thereby reinforcing 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 middle layer designed to help users navigate the complex Web3 ecosystem. This layer serves as the on-chain extension and decentralized future for the entire Bitget ecosystem. As the first partner in the Bitget Onchain Layer ecosystem, Tomarket will be deeply integrated with Bitget Wallet. This development will also observe the further expansion of use cases of 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 Bitget Wallet is Asia’s largest Web3 wallet and one of the leading global wallets with over 20 million users worldwide. It offers a full range of features including asset management, smart market data, swap trading, launchpad, registration, NFTs, DApps, and token earning center. Currently, it supports over 100 major blockchains, hundreds of EVM-compatible chains, and over 250,000 cryptocurrencies. Bitget Wallet enhances liquidity by aggregating it across hundreds of leading DEXs and cross-chain bridges, facilitating seamless trading across nearly 50 blockchains.
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