Bitget Integrates DeFi Aggregator into Crypto Exchange App
Bitget, a crypto exchange, has incorporated a decentralized finance (DeFi) aggregator into its crypto exchange application. This integration allows users to swap their tokens and access DeFi services through its Web3 Wallet.
The primary goal of this effort is to provide users with more options for trading their crypto assets on the exchange. In addition to the swap service, Bitget plans to gradually include other services such as a noncustodial wallet, a nonfungible token marketplace, and a decentralized application, according to Gracy Chen, managing director of Bitget.
“At the core of the recent integration is our Web3 Wallet, which facilitates the secure storage, management and control of their digital assets. Alongside the wallet, we’ve launched a Swap service, which is an advanced DeFi aggregator.”
Bitget has highlighted that the new integration is part of a broader move to expand its business into the wallet sector. It allows the company to offer asset management services and native storage to its users. After acquiring BitKeep in July 25 and rebranding it as Bitget Wallet, the integration led to significant growth in specific metrics in the first half of 2023.
Bitget’s Expansion Efforts in the Crypto Space
In an effort to increase its reach within the crypto space, Bitget has launched multimillion-dollar funds to support the growth of the Web3 ecosystem. One such fund was launched on April 10, focusing on supporting venture firms and investing in the next generation of Web3 projects with $100 million.
On Sept. 12, Bitget launched another $100-million fund called the Bitget EmpowerX Fund. This fund will invest in analytics firms, media organizations, and regional exchanges to maximize the firm’s “long-term impact” in the space.
Hot Take: Bitget Embraces DeFi Integration for User Convenience
By integrating a DeFi aggregator into its crypto exchange app, Bitget aims to offer users more convenience in managing their digital assets and accessing various services through their Web3 Wallet. The move also reflects Bitget’s strategic expansion into the wallet sector and its commitment to supporting the growth of the Web3 ecosystem through substantial investment funds.
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