Bitget announced the launch of its DEX aggregator called MegaSwap, which is designed to combine the strengths of DeFi and CeFi.
The launch of “MegaSwap” was announced by Bitget in a news release. However, it gives customers the option to trade or exchange their digital assets in a DeFi environment for more than 10,000 cryptocurrencies.
Users with MegaSwap accounts have access to ten well-known DEXs and eight potent channels for trading on the Bitget platform. With this functionality, users can get the best of both worlds. But it combines the adaptability and diversity of DeFi with the security and usefulness of CeFi. Bitget’s CEO, Grace Chen, says
“MegaSwap is an important step taken by Bitget in building a unique safe, dynamic and robust trading experience to reach critical mass.”
While investors looking to swiftly acquire a larger selection of tokens are increasingly turning to DEXs, CEX users benefit from secure trading experiences with a range of goods and services. But not everyone is a good fit for DEX trading.
The lack of expertise deters many people from using DEXs. Additionally, there is no protection for the assets kept in Defi wallets. Due to these factors, MegaSwap was developed to satisfy user needs for convenience and security trading while also benefiting from a large variety of assets and strong liquidity, allowing users to combine a centralized trading experience in Defi marketplaces.
MegaSwap not only combines the advantages of CEX and DEX, but also makes trading even easier by expediting the payment of gas fees. so that people can trade as easily as possible.
Gas fees are automatically converted by MegaSwap from user accounts stablecoin holdings. The non-custodial wallet of Bitget was taken earlier, it is believed that a sizable portion of Bitget’s non-custodial wallet BitKeep was stolen.
The official claims that a quick inquiry is ongoing. However, if the platform is to blame for the asset loss, the BitKeep Security Fund will pay out in full.
