Integration of Bracket Labs’ Passage with BNB Chain
Bracket Labs, a leader in on-chain volatility trading, has announced the integration of its trading product, Passage, with BNB Chain. This integration expands Bracket’s one-click trading platform to the most active trading blockchain in Decentralized Finance.
Leveraged Trading for Volatility
Bracket innovates on traditional financial instruments to deliver a leveraged trading product for volatility. This product is ideal for both sideways and trending markets, allowing traders to take advantage of crypto market fluctuations.
Access to Increased Liquidity on BNB Chain
With over $3.2 billion in total value locked and 1+ million daily active users on BNB Chain, Bracket Labs will benefit from increased liquidity for faster transactions and improved pricing. Traders will also have access to cheap fees on BNB Chain.
“This is a welcome addition to the BNB Chain ecosystem,” says Mehmet Buyu, Global Business Development Manager at BNB Chain.
Expansion Following Investment from Binance Labs
This integration with BNB Chain marks a significant step in Binance Labs’ incubation and investment in Bracket Labs. The launch of the BracketX platform on BNB Chain follows a successful $2 million pre-seed fundraising round in January 2024.
Simplifying On-Chain Volatility Trading
Passage, Bracket Labs’ flagship product, simplifies on-chain volatility trading. It offers an all-new volatility model for any market condition, allowing traders to navigate volatility without bias for price direction.
“Our launch on BNB Chain opens up a myriad of opportunities,” says Pelli Wang, Co-Founder and COO of Bracket Labs. “We expect many more partnerships in the future.”
Expanding Derivatives Trading and Partnerships
Bracket Labs plans to expand its derivatives trading products to include assets traded primarily on BNB Chain. Additionally, they aim to form partnerships with major wallet providers, DEXs, Perpetuals, and Liquid Staking projects to grow their ecosystem.
About Bracket Labs
Bracket Labs is a Panama-based company focused on democratizing financial products and introducing on-chain innovations in volatility trading. The team has extensive experience in crypto and traditional finance.
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Hot Take: Bracket Labs Expands Trading Platform to BNB Chain, Enhancing Volatility Trading Opportunities
Bracket Labs’ integration of its trading product, Passage, with BNB Chain is a significant development for traders in the crypto market. With increased liquidity and access to cheap fees on BNB Chain, traders can take advantage of volatility in both sideways and trending markets. This expansion follows a successful fundraising round and showcases the commitment of Bracket Labs to democratizing financial products and fostering innovation in decentralized finance. With plans to expand derivatives trading and form partnerships with major players in the industry, Bracket Labs is poised for further growth. The integration with BNB Chain opens up new opportunities and solidifies their position as a leader in on-chain volatility trading.
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