Victoria, Seychelles, June 28th, 2024,
Chainwire
Leading Web3 wallet and DeFi platform Bitget Wallet has announced a joint
investment with crypto investment firm Foresight X in Tomarket, a
decentralized trading platform for emerging asset classes.
Developed by industry experts from prestigious firms with the
likes of Binance and Microsoft, Tomarket is
designed to address markets and user needs beyond those already
provided for by conventional decentralized exchanges (DEXs). The
platform facilitates the trading of Real World Assets (RWA), crypto
asset yields swap, crypto points, pre-TGE assets, and other new
asset types, thereby potentially enhancing liquidity and value
discovery in these sectors.
With an end goal of tapping into the immense trillion-dollar
market occupied by these new narratives, Tomarket will first be
available to users as a Telegram mini-app when it officially
launches in July, providing users with a convenient and
user-friendly entry point into this innovative platform.
The year 2024 marks a significant phase of growth for the crypto
industry, catalyzed by the Bitcoin halving together with the
Bitcoin ETF approval by the SEC. This period of growth also saw the
emergence and burgeoning growth of various new asset classes and
narratives, such as crypto project points trading, pre-TGE tokens,
RWA assets, and interest rates on digital assets. These new assets
possess substantial trading potential and demand, yet they face
challenges such as poor liquidity and high transaction trust costs.
Moreover, the team believes that the current market lacks a
comprehensive, one-stop platform to meet the trading needs of these
new assets. Tomarket was specifically created to address these
challenges and unlock the full potential of these assets.
Expressing enthusiasm for this collaboration, Alvin
Kan, COO of Bitget Wallet, stated that "Trading has always been at
the heart of the crypto industry. Beyond traditional token assets,
new asset types such as RWAs and points deserve significant
attention."
He continues that Bitget Wallet will remain steadfast
in its commitment to addressing the evolving needs of its users:
"Through our investment and product collaboration with Tomarket, we
aim to explore and develop markets beyond traditional DEXs, driving
the growth of new crypto asset trading, thus cementing our
dedication to catering to new user needs as they present
themselves."
In a strategic move earlier this year, Bitget Wallet announced
the introduction of the Bitget Onchain Layer, an intermediary layer
designed to help users navigate the complex Web3 ecosystem. This
layer serves as an on-chain extension and a decentralized future of
the entire Bitget ecosystem. As the first ecosystem partner of the
Bitget Onchain Layer, Tomarket will be deeply integrated into
Bitget Wallet. This development will also observe the additional
expansion of use cases for BWB, the wallet's own native token, as
this strategic partnership with Tomarket marks the beginning of a
series of sustained ecosystem growth and user engagement for all
Bitget Wallet users.
About Bitget Wallet
Bitget Wallet is
Asia's largest and a leading global Web3 wallet with over 20
million users worldwide. It offers a comprehensive range of
features, including asset management, intelligent market data, swap
trading, launchpad, inscribing, NFT, DApp, and token earning
center. Currently, it supports more than 100 major blockchains,
hundreds of EVM-compatible chains, and over 250,000
cryptocurrencies. Bitget Wallet enhances liquidity by aggregating
it across hundreds of top DEXs and cross-chain bridges,
facilitating seamless trading on nearly 50 blockchains.
For more information, users can visit: Website | Twitter | Telegram | Discord
Contact
PR
team
media.web3@bitget.com