Bitget launches MegaSwap to improve DeFi

Bitget, a leading cryptocurrency exchange best known for its copy trading features, has announced the launch of MegaSwap, a new feature of its platform that will allow users to trade their digital assets in a decentralized manner.

With a MegaSwap account, users can access trading across eight influential chains and 10 major DEX while remaining on Bitget’s platform. 

While users of centralized exchanges can enjoy secure trading with diverse products and services, DEXs are increasingly gaining acceptance among investors who want to quickly get hold of a greater variety of tokens. However, trading on DEXs is not for everyone. 

Bitget’s new DeFi feature

Due to the knowledge barrier and lack of protection of assets stored in DeFi wallets, many users are discouraged from using decentralized exchanges.  

To combine the advantages of both worlds, MegaSwap is designed to meet the demand for trading in convenience and security while enjoying a variety of assets and high liquidity.

Users can activate their MegaSwap account with just a few clicks to unlock the trading function of more than 10,000 cryptocurrencies on 10 leading DEXs, such as Uniswap, PancakeSwap, Curve, SushiSwap and others. 

Due to the variety of DEXs, MegaSwap has the best options for liquidity pools. The feature currently supports transactions on eight different chains, including ETH, BSC, Polygon, OP, Fantom, Klay, HECO, and OEC. With MegaSwap’s assistance, users can complete trades between chains effortlessly and easily in one place. 

In addition to combining the advantages of CEXs and DEXs, MegaSwap also saves on gas fees.

Compared to normal DeFi trading, where traders have to prepare several chain-native tokens to pay the gas fees incurred by transactions, MegaSwap automatically converts gas fees from stablecoin balances in users’ accounts, enabling them to trade easily.

Gracy Chen, CEO of Bitget, said:

“MegaSwap is an important step taken by Bitget in building a safe, dynamic and robust one-stop trading experience to reach the critical mass. Facing fluctuation and uncertainty in recent trading markets, we observe that users and investors long for the protection of assets without sacrificing convenience and performance. And MegaSwap provides the right solution to connect the dots, which enables users to enjoy the upsides of DEX and the heightened protection covered by Bitget’s platform. We value offering users a variety of options and liquidity, and at the same time, pair with our top-notch security measures and risk management, including hot and cold wallet separation, multi-signature wallet, Zero Trust security architecture and a lot more to protect users’ assets.”

Gracy added: 

“DeFi has become a crucial element of this ever-evolving crypto space, and is also playing a part in enriching asset variety and diversifying the crypto ecosystem with CeFi. We aim to be the portal that seamlessly connects CeFi and DeFi with MegaSwap, as we actively listen to our community and users to cater to changing market needs and keep ourselves on top of market trends.”

More about Bitget

Bitget, an exchange founded in 2018, is among the world’s leading cryptocurrency exchange platforms with innovative products and social trading services as its main features, currently serving more than 8 million users in more than 100 countries worldwide.  

The exchange is committed to providing a secure and facilitated trading solution for users and aims to increase cryptocurrency adoption through collaborations with credible partners, including legendary Argentine soccer player Lionel Messi, leading Italian soccer team Juventus, official eSports event organizer PGL, and leading eSports company Team Spirit.