Panama City, Panama, February 1st, 2024, Chainwire
Integration Comes on the Heels of $2 Million Investment Led By Binance Labs
Bracket Labs, a leader in on-chain volatility trading, has announced the integration of its trading product, Passage, with BNB Chain. This expansion allows Bracket to offer its one-click trading platform on the most active trading blockchain in Decentralized Finance.
A New Trading Product for Volatility
Crypto markets experience periods of sideways trading followed by bursts of volatility. To capitalize on these conditions, Bracket has developed a leveraged trading product for volatility that works well in both sideways and trending markets.
Access to Increased Liquidity and Cheap Fees
With over $3.2 billion in total value locked and more than 1 million daily active users on BNB Chain, Bracket Labs will benefit from increased liquidity and faster transactions. By integrating with BNB Chain, Bracket Labs offers traders access to cheap fees.
“We are excited to work with innovative, fully on-chain applications… This is a welcome addition to the BNB Chain ecosystem,” Mehmet Buyu, Global Business Development Manager, BNB Chain.
A Culminating Step in Binance Labs’ Investment
This integration is the culmination of Binance Labs’ incubation and investment in Bracket Labs. Following a successful $2 million pre-seed fundraising round in January 2024, BracketX will be launched on BNB Chain and incorporate infrastructure from BNB Greenfield for decentralized storage.
Simplifying On-Chain Volatility Trading
Passage, Bracket Labs’ flagship product, simplifies on-chain volatility trading. The integration with BNB Chain aligns with Bracket Labs’ mission to democratize financial products and foster innovation in decentralized finance. Passage provides a volatility model that allows traders to navigate market conditions without a bias for price direction.
“We have worked closely with Binance Labs and BNB Chain… We expect many more partnerships in the future,” says Pelli Wang, Co-Founder and COO of Bracket Labs.
Expanding Derivatives Trading Products
Bracket Labs plans to expand its derivatives trading products to include assets primarily traded on BNB Chain, such as Pancake (CAKE), and more. The company also aims to establish partnerships with major wallet providers, DEXs, Perpetuals, and Liquid Staking projects to grow its ecosystem in the international market.
About Bracket Labs
Bracket Labs is dedicated to democratizing financial products and introducing on-chain innovations in volatility trading. The team has extensive experience in both crypto and traditional finance, with senior leadership backgrounds at prominent institutions.
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Hot Take: Bracket Labs Expands One-Click Trading Platform to BNB Chain
Bracket Labs, a leader in on-chain volatility trading, has integrated its trading product, Passage, with BNB Chain. This integration allows traders on BNB Chain to access Bracket’s simple and innovative one-click trading platform. With increased liquidity and cheap fees, this expansion provides opportunities for traders to navigate market volatility more efficiently. The collaboration between Bracket Labs and BNB Chain signifies a step towards democratizing financial products and fostering innovation in decentralized finance. As Bracket Labs continues to expand its derivatives trading products and establish partnerships, the future looks promising for the company’s growth in the international market.
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