Bracket Labs Integrates Trading Product Passage with BNB Chain
Bracket Labs, a prominent on-chain volatility trading leader, has announced the integration of its trading product, Passage, with BNB Chain. This integration expands Bracket’s simple, one-click trading platform to the highly active trading blockchain in Decentralized Finance.
Bracket specializes in innovating traditional financial instruments and delivering leveraged trading products for volatility, suitable for both sideways and trending markets. The integration with BNB Chain grants Bracket access to increased liquidity, enabling faster transactions and improved pricing. Traders using Bracket Labs’ platform now have access to BNB Chain’s discounted fees.
BNB Chain Welcomes the Integration
The collaboration has been welcomed by Mehmet Buyu, Global Business Development Manager at BNB Chain, who commended Bracket Labs’ ability to simplify the complex topic of options trading into an easy-to-use platform. Buyu is eager to see how the integration enhances the BNB Chain ecosystem.
Bracket Labs Benefits from Binance Labs’ Investment
The integration on BNB Chain is a significant milestone in Binance Labs’ incubation and investment in Bracket Labs. Following a successful pre-seed fundraising round of $2 million, Bracket Labs has launched the BracketX platform. The integration of BNB Chain’s infrastructure, including BNB Greenfield, optimizes decentralized storage.
Passage: Simplifying On-Chain Volatility Trading
Bracket Labs’ flagship product, Passage, streamlines on-chain volatility trading. The expansion to BNB Chain aligns with Bracket Labs’ objective of democratizing financial products and fostering innovation in decentralized finance. Passage introduces a new volatility model that enables traders to navigate and trade in any market condition, irrespective of price direction.
Expansion Plans and Partnerships
Bracket Labs intends to expand its derivatives trading products to include assets primarily traded on BNB Chain, such as Pancake (CAKE), among others. The company also plans to forge partnerships with major wallet providers, DEXs, Perpetuals, and Liquid Staking projects, with an international market focus.
About Bracket Labs
Bracket Labs is a Panama-based company that aims to democratize financial products by introducing on-chain innovations in volatility trading. The team comprises individuals with extensive experience in both crypto and traditional finance, having worked at renowned institutions such as Barclays, Merrill Lynch, and Bloomberg, among others.
Hot Take: Enhancing Volatility Trading with BNB Chain Integration
Bracket Labs’ integration of its trading product Passage with the highly active BNB Chain marks a significant milestone in the world of on-chain volatility trading. With increased liquidity, faster transactions, and improved pricing, traders using the Bracket platform on BNB Chain can take advantage of both sideways and trending markets. This collaboration signifies the commitment of both Bracket Labs and BNB Chain to democratizing financial products and fostering innovation in decentralized finance. As Bracket Labs expands its derivatives trading products and partners with major players in the blockchain industry, the future looks promising for volatility traders seeking a seamless trading experience.
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