Victoria, Seychelles, April 2nd, 2024, Chainwire
Bitget, a leading cryptocurrency exchange and web3 company, is excited to announce the addition of Wormhole (W) to its list of supported cryptocurrencies. Wormhole is a revolutionary network that facilitates cross-chain interoperability, making it easier for different blockchains to communicate and transfer data.
The Wormhole Network is a versatile message-passing protocol that connects various ecosystems and enables the exchange of different data types, such as tokens, NFTs, oracle data, and governance decisions. Supported by 19 guardians, Wormhole ensures the security and reliability of cross-chain transactions, empowering developers to explore new possibilities in decentralized finance (DeFi) and beyond.
Wormhole opens up a world of innovative applications, transforming the way we interact with blockchain technology. Here are some potential use cases:
- Cross-Chain Exchange: Developers can use Wormhole Connect to create decentralized exchanges that accept deposits from any Wormhole-connected chain, significantly increasing liquidity for users.
- Cross-Chain Governance: Groups spanning multiple blockchain networks can leverage Wormhole to facilitate combined governance decisions, allowing holders to vote on proposals across different chains and synchronize their actions on a designated “voting” chain.
- Cross-Chain Gaming: Gaming platforms can utilize the power of Wormhole to build interactive experiences that span multiple networks. For example, a game could be hosted on a high-performance network like Solana, with rewards issued as NFTs on a different blockchain, such as Ethereum.
Gracy Chen, Managing Director of Bitget, stated, “At Bitget, we are dedicated to supporting projects that push the boundaries of blockchain technology. Wormhole’s innovative approach to cross-chain interoperability opens up endless possibilities for developers and users. We believe that Wormhole will play a crucial role in shaping the future of decentralized finance, and we are thrilled to be a part of this journey.”
Bitget has consistently expanded its market share in both spot and derivatives trading among centralized exchanges. With a focus on providing users with opportunities to invest in popular and valuable projects, the platform is now one of the top 10 crypto spot trading platforms, offering over 700 coins and 800 pairs, including BTC, ETH, SOL, and more. In 2023, the platform added over 350 new listings, further diversifying investment options for users. Additionally, Bitget Wallet supports over 100 mainnets and 250,000+ tokens, and its on-chain trading function, Bitget Swap, enables cross-chain trading between nearly 30 mainnets.
About Bitget
Established in 2018, Bitget is a leading cryptocurrency exchange and Web3 company with a global reach. Serving over 25 million users in 100+ countries and regions, Bitget is committed to helping users trade smarter with its innovative copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a top-notch multi-chain crypto wallet that offers a wide range of comprehensive Web3 solutions, including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget collaborates with credible partners, such as legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL, to inspire individuals to embrace crypto.
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