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Bitget integrates a DeFi aggregator into its crypto exchange

Bitget has integrated a decentralized finance (DeFi) aggregator into its cryptocurrency exchange, giving users the ability to trade their tokens and access DeFi services through the Web3 Wallet.

According to Bitget, this effort aims to provide users with different options for trading crypto assets on the exchange. According to Bitget CEO Gracy Chen, the application will gradually integrate other services, including a non-custodial wallet, a non-fungible token market, and a decentralized application.

Additionally, Chen told Cointelegraph that most of the currencies listed on the exchange will be available for DeFi trading in the wallet. According to Chen, the swap feature brings together liquidity from 10 decentralized exchanges, including Uniswap, PancakeSwap, and Curve Finance. Chen’s explanation is as follows:

“At the heart of the latest integration is our Web3 Wallet, which facilitates the secure storage, management and control of digital assets. In addition to the wallet, we also launched the Swap service, an advanced DeFi aggregator.”

In a recent announcement, Bitget also underlined It said the new integration is part of a larger move to expand its business into the wallet sector. According to Bitget, this allows the company to offer native asset management and storage services to its users.

BitKeep crypto wallet following the wallet service provider Bitget’s acquisition on July 25 Renamed Bitget Wallet. Following the integration, Bitget has seen significant growth in certain metrics in the first half of 2023.

The crypto exchange has continually sought to increase its reach in the crypto space by launching multi-million dollar funds to support the growth of the Web3 ecosystem. The stock exchange was created on April 10 $100 million fund focused on supporting startup companies and investing in next-generation Web3 projects.

Bitget on September 12 Launched another $100 million fund It is called Bitget EmpowerX Fund. This fund will invest money to maximize “long term impact” The company’s stake in the industry is investing in regional analytics, media and exchange companies.

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