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Bitget Announces DEX Aggregator Following Wallet Hack

  • Bitget has 8 million customers across 100 countries. The exchange offers safe, one-stop trading.

  • According to a Bitget press release, MegaSwap lets customers trade their digital assets for over 10,000 cryptocurrencies in a DeFi environment.

27-Dec-2022 By: Rohit Tripathi
Bitget Announces DEX

Currently, Bitget serves more than 8 million customers across 

More than 100 nations. Users may rely on the exchange to provide a secure, one-stop trading solution.

MegaSwap, however, allows users to trade or exchange their digital assets for more than 10,000 cryptocurrencies in a DeFi environment, according to a press release from Bitget. 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.

According to Bitget's CEO, Grace Chen, MegaSwap is a significant step in creating a distinctively safe, dynamic, and robust trading experience for Bitget to reach critical mass.

Megaswap is announced by Bitget

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 centralised 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 stolen.

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.

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