VICTORIA, Seychelles, June 28,
2024 /PRNewswire/ -- Leading Web3 wallet and
DeFi platform Bitget Wallet has announced a joint
investment with crypto investment firm Foresight X in
Tomarket, a decentralized trading platform for
emerging asset classes.
Developed by industry experts from prestigious firms with the
likes of Binance and Microsoft, Tomarket is designed
to address markets and user needs beyond those already provided for
by conventional decentralized exchanges (DEXs). The
platform facilitates the trading of Real World Assets (RWA),
crypto asset yields swap, crypto points,
pre-TGE assets, and other new asset types, thereby enhancing
liquidity and value discovery in these sectors.
With an end goal of tapping into the immense trillion-dollar
market occupied by these new narratives, Tomarket will first be
available to users as a Telegram mini-app when it officially
launches in July, providing users with a convenient and
user-friendly entry point into this innovative platform.
The year 2024 marks a significant
phase of growth for the crypto industry, catalyzed by
the Bitcoin halving together with the
Bitcoin ETF approval by the SEC. This period of growth
also saw the emergence and burgeoning growth of various new asset
classes and narratives, such as crypto project points
trading, pre-TGE tokens, RWA assets, and interest rates on digital
assets. These new assets possess substantial trading potential and
demand, yet they face challenges such as poor liquidity and high
transaction trust costs. Moreover, the current market lacks a
comprehensive, one-stop platform to meet the trading needs of these
new assets. Tomarket was specifically created to address these
challenges and unlock the full potential of these assets.
Expressing enthusiasm for this collaboration, Alvin Kan, COO of Bitget Wallet, stated that
"Trading has always been at the heart of the crypto
industry. Beyond traditional token assets, new asset types such as
RWAs and points deserve significant attention."
He continues that Bitget Wallet will remain steadfast in its
commitment to addressing the evolving needs of its users: "Through
our investment and product collaboration with Tomarket, we aim to
explore and develop markets beyond traditional DEXs, driving the
growth of new crypto asset trading, thus cementing our
dedication to catering to new user needs as they present
themselves."
In a strategic move earlier this year, Bitget Wallet announced
the introduction of the Bitget Onchain Layer, an intermediary layer
designed to help users navigate the complex Web3 ecosystem. This
layer serves as an on-chain extension and a
decentralized future of the entire Bitget ecosystem.
As the first ecosystem partner of the Bitget Onchain Layer,
Tomarket will be deeply integrated into Bitget Wallet. This
development will also observe the additional expansion of use cases
for BWB, the wallet's own native token, as this strategic
partnership with Tomarket marks the beginning of a series of
sustained ecosystem growth and user engagement for all Bitget
Wallet users.
About Bitget Wallet
Bitget Wallet is Asia's
largest and a leading global Web3 wallet with over 20 million users
worldwide. It offers a comprehensive range of features, including
asset management, intelligent market data, swap trading, launchpad,
inscribing, NFT, DApp, and token earning center.
Currently, it supports more than 100 major blockchains, hundreds of
EVM-compatible chains, and over 250,000
cryptocurrencies. Bitget Wallet enhances liquidity by
aggregating it across hundreds of top DEXs and cross-chain bridges,
facilitating seamless trading on nearly 50 blockchains.
For more information, visit: Website | Twitter | Telegram |
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SOURCE Bitget