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Bitget integrates DeFi aggregator into crypto exchange app

Bitget integrates DeFi aggregator into crypto exchange app

Crypto exchange Bitget has recently integrated a decentralized finance (DeFi) aggregator into its crypto exchange application. This integration allows users to swap their tokens and access DeFi services through its Web3 Wallet.

Bitget aims to provide users with options for trading their crypto assets on the exchange. According to Gracy Chen, managing director of Bitget, the app will also gradually include other services such as a noncustodial wallet, a nonfungible token marketplace, and a decentralized application.

In addition, Chen mentioned that most currencies listed on the exchange will be available in the wallet for DeFi trading. The swap feature aggregates liquidity from 10 decentralized exchanges, including Uniswap, PancakeSwap, and Curve Finance.

“At the core of the recent integration is our Web3 Wallet, which facilitates the secure storage, management, and control of their digital assets. Alongside the wallet, we’ve launched a Swap service, which is an advanced DeFi aggregator,”

Bitget also announced that the new integration is part of a broader move to expand its business into the wallet sector. This allows the company to offer asset management services and native storage to its users. In July 2023, the crypto wallet BitKeep was rebranded to the Bitget Wallet after Bitget acquired the wallet service provider.

Related: Bitget exec says KYC is useful to filter out illegitimate users

The crypto exchange has been actively trying to increase its reach within the crypto space by launching multimillion-dollar funds to support the growth of the Web3 ecosystem. The exchange launched a $100-million fund on April 10 to support venture firms and invest in the next generation of Web3 projects. On Sept. 12, Bitget launched another $100-million fund called the Bitget EmpowerX Fund, which will invest in analytics firms, media organizations, and regional exchanges.

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