Bitget Launches Its DEX Aggregator After Wallet Hack – Crypto News – Crypto News
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Bitget Launches Its DEX Aggregator After Wallet Hack – Crypto News

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3 years ago

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In a press releaseBitget announced the introduction of “MegaSwap.” However, it enables users to trade or exchange their digital assets for more than 10,000. cryptocurrencies in a DeFi environment. Users who have a MegaSwap account can trade on the Bitget platform through ten well-known DEXs and eight powerful channels.

Users can benefit from the best of both worlds thanks to this feature. However, it combines the flexibility and variety of DeFi with the safety and practicality of CeFi.

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Bitget’s CEO, Grace Chen, says

“MegaSwap is an important step taken by Bitget in building a unique secure, dynamic and robust trading experience to reach critical mass.”

Bitget announces Megaswap

While DEXs are becoming more and more popular among investors who want to quickly get their hands on a wider variety of tokens, CEX users enjoy secure trading experiences with a variety of products and services. DEX trading, though, is not for everyone.

Many users are put off from using DEXs by the knowledge gap. Also, lack of protection for assets stored on Defi wallets. Given this, MegaSwap was created to meet user demands for convenience and security trading, while also gaining from a wide range of assets and high liquidity, enabling users to integrate a centralized trading experience in DeFi markets.

By streamlining the payment of gas fees, MegaSwap not only combines the benefits of CEX and DEX but also makes trading even simpler. In order to make trading as easy as possible for users. MegaSwap automatically converts gas fees from stablecoin balances in user accounts.

Bitget’s non-custodial wallet was stolen

Earlier, Bitget’s non-custodial wallet BitKeep was thought to have been stolen across a wide area. According to the official, an urgent investigation is being conducted. However, the BitKeep Security Fund will provide full compensation if the platform is to blame for the asset loss.

Also Read: Explain NFT Whitelist. How Do You Join An NFT Whitelist?

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The content presented may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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