Bitget Wallet has recently announced an important crypto news: a significant investment in the promising Web3 trading platform Tomarket.
This new initiative aims to capture market shares in sectors that exceed trillions of dollars, focusing primarily on decentralized markets (DEX).
With a revolutionary and ambitious vision, Tomarket promises to redefine the dynamics of cryptocurrency trading and decentralized finance.
Specifically, introducing innovations that could have profound impacts on the entire ecosystem of blockchains and digital finance. Let’s see all the details below.
Impacts and perspectives in the crypto ecosystem thanks to the web3 wallet of Bitget
As anticipated, Bitget Wallet, the main Web3 wallet and DeFi platform, has announced a joint investment with Foresight X, a crypto investment company.
The investment is in the decentralized trading platform Tomarket, dedicated to emerging asset classes.
Tomarket is an innovative platform designed to revolutionize the trading of assets and target markets worth trillions of dollars, going beyond traditional decentralized exchanges (DEX).
Tomarket, developed by experts from giants like Binance and Microsoft, aims to meet market needs that surpass those of current DEX.
This platform facilitates the trading of Real World Assets (RWA), yield swaps of cryptographic assets, cryptographic points, pre-TGE assets, and other new types of assets, enhancing liquidity and value discovery.
Aiming to capture a significant portion of the vast trillion-dollar market, Tomarket will initially be available as a mini-app on Telegram.
Offering users such comodo e intuitivo access to the innovative platform, starting from the official launch scheduled for July.
The year 2024 represents a crucial phase for the growth of the cryptocurrency sector, stimulated by the Bitcoin halving and the approval of the Bitcoin ETF by the SEC.
This period has seen the emergence of new classes of assets and narratives, such as the trading of cryptographic project points, pre-TGE tokens, RWA assets, and interest rates on digital assets.
Despite the potential of these new assets, they face challenges such as low liquidity and high trust costs in transactions. Currently, there is a lack of a comprehensive platform to meet the trading needs of these emerging assets.
Tomarket was created to tackle these challenges and unlock the full potential of these assets.
Some comments and the future vision
Alvin Kan, COO of Bitget Wallet, expressed great enthusiasm for the collaboration, stating the following:
“Trading has always been at the center of the cryptocurrency industry. In addition to traditional tokens, new assets like RWAs and points deserve significant attention.”
In particular, he emphasized Bitget Wallet’s commitment to meeting the continuously evolving needs of its users:
“Through our collaboration with Tomarket, we aim to explore and develop markets beyond traditional DEX, promoting the growth of trading new cryptographic assets and confirming our dedication to meeting the new needs of users.”
Furthermore, at the beginning of this year, Bitget Wallet introduced the Bitget Onchain Layer, an intermediate layer designed to help users navigate the complex Web3 ecosystem.
This level acts as an on-chain extension and represents the decentralized future of the entire Bitget ecosystem. Tomarket, as the first partner of this ecosystem, will be deeply integrated into Bitget Wallet.
This development also includes the expansion of use cases for BWB, the native token of the wallet. This is because the strategic partnership with Tomarket marks the beginning of sustained growth of the ecosystem and greater user engagement.