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Bitget launches ‘MegaSwap’ to connect DeFi experience with CeFi

By Gloria Methri

January 02, 2023

  • Africa
  • Asset Trading
  • Bitcoin

Bitget, MegaSwap, DeFi, CeFi, cryptocurrency, BitcoinSeychelles-based cryptocurrency exchange Bitget has launched the “MegaSwap” feature on its platform that enables users to trade their digital assets for over 10,000 cryptocurrencies on a DeFi environment.

With a MegaSwap account, users can gain access to trade through eight influential chains and 10 important DEXs while staying on Bitget’s platform. The feature bridges the freedom and variety of DeFi with the security and convenience of CeFi.

Users only have to activate the MegaSwap account to unlock the function of trading over 10,000 cryptocurrencies on 10 leading DEXs, such as Uniswap, Pancake, Curve, Sushiswap, and more. Empowered by the variety of DEXs, MegaSwap is said to be equipped with the best options for liquidity pools. The feature currently supports transactions on ETH, BSC, Polygon, OP, Fantom, Klay, HECO, and OEC.

It even smoothens the trading experience by streamlining the payment of gas fees. Compared to normal DeFi trading, where traders need to prepare different chain-native tokens to pay for gas fees incurred from the transactions, MegaSwap automatically converts gas fees from stablecoin balances in the user’s accounts, allowing users to trade with minimum effort.

Gracy Chen, Managing Director 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.”

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