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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