Bracket Labs Integrates Passage with BNB Chain for Volatility Trading
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’s one-click trading platform to operate on the most active trading blockchain in DeFi. The crypto market experiences cycles of sideways trading and volatility, and Bracket offers a leveraged trading product for volatility that is suitable for both market conditions.
Access to Increased Liquidity and Cheap Fees
With over $3.2 billion in total value locked (TVL) and more than one million daily active users on BNB Chain, Bracket Labs will benefit from increased liquidity and faster transactions. The integration also provides traders with access to cheap fees on BNB Chain, diversifying Bracket Labs’ platform.
Positive Response from BNB Chain
Mehmet Buyu, global business development manager of BNB Chain, expressed excitement about working with innovative on-chain applications like Bracket Labs. Buyu praised Bracket’s ability to simplify options trading and volatility, highlighting the valuable addition it brings to the BNB Chain ecosystem.
Expansion and Future Plans
This integration marks a significant step in Binance Labs’ investment in Bracket Labs. In addition to the launch of BracketX on BNB Chain, the company plans to expand its derivatives trading products to include assets primarily traded on BNB Chain. They also aim to form partnerships with major wallet providers, DEXs, perpetuals, and liquid staking projects to grow their ecosystem internationally.
About Bracket Labs
Bracket Labs aims to democratize financial products and introduce on-chain innovations in volatility trading. With a team consisting of experts from both crypto and traditional finance backgrounds, Bracket Labs is committed to simplifying and expanding access to financial tools.
Hot Take: Bracket Labs Revolutionizes Volatility Trading on BNB Chain
Bracket Labs’ integration of Passage with BNB Chain opens up new possibilities for traders in the DeFi space. By leveraging the active trading volume and liquidity of BNB Chain, Bracket Labs provides a simple and efficient platform for volatility trading. This move not only benefits Bracket Labs but also contributes to the growth and innovation of the DeFi ecosystem. With plans for further expansion and partnerships, Bracket Labs is poised to make a significant impact on the international market.
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