Bitoro Network has announced the launch of a new on-chain perpetual futures platform on the Injective blockchain to facilitate near-instant and low-fee trading for crypto and real-world-asset (RWA) markets. According to a press announcement, the collaboration also includes crypto spot markets, staking pools and vaults, and institutional-grade infrastructure and liquidity.
Known as “the blockchain built for finance”, Injective offers one of the fastest infrastructures in the crypto space, clocking over 25,000 transactions per second with near-instant settlement times. The proof-of-stake based blockchain also features transaction fees of just $0.0003, as well as several finance-specialized features ranging from multi-chain smart contracts to oracles.
Bitoro’s new trading platform relies on a number of these options. For instance, Injective’s native RWA modules are used to provide on-chain perpetual futures for RWAs, including fiat currency pairs and various commodities. Furthermore, Bitoro is also set to incorporate Injective’s Institutional Gateways – a set of security and regulatory features that allows institutional players to meet crucial compliance standards.
“The integration with Injective marks a pivotal milestone for Bitoro as we continue to innovate and expand our decentralized trading solutions,” says Brian Purcell, the founder and CEO of Bitoro Network.
“By leveraging Injective’s robust infrastructure, we are able to offer our users instant, low-cost trading while also introducing advanced features like institutional gateways and on-chain perpetuals for RWAs. This partnership not only enhances our platform’s capabilities but also broadens our reach significantly, therefore reinforcing our commitment to providing secure, compliant, and accessible trading opportunities for all,” he concludes.
Adding to Purcell’s comments, Injective CEO Eric Chen states:
“Injective’s plug-and-play modules are continuing to empower developers to rapidly deploy groundbreaking dApps. I’m excited to see Bitoro harnessing Injective’s on-chain orderbook and additional features to provide unmatched liquidity and a seamless user experience from day one.”
Since its launch on March 25, 2024, Bitoro has been one of the fastest-growing decentralized futures exchanges, attracting over $1 billion in trading volume and 30,000 users in just 45 days. The new launch on Injective is set to position both Bitoro and Injective to compete directly with the most popular on and and off-chain trading platforms in terms of features, fees, speed and reliability.