Bitget Lists Ordibank (ORBK) in Innovation and Inscription Zone - Chainwire

11Mar

Bitget Lists Ordibank (ORBK) in Innovation and Inscription Zone

Victoria, Seychelles, March 11th, 2024, Chainwire

Bitget, the world’s leading cryptocurrency exchange and Web3 company, announces the listing of Ordibank (ORBK) in the Innovation and Inscription Zone. This innovative protocol, built on Bitcoin’s first layer (Bitcoin L1), introduces a pioneering approach to borrowing and lending within the native Bitcoin ecosystem, marking a historic moment for the BTCFI (Bitcoin Finance) space.

Ordibank stands out as a revolutionary protocol that ingeniously leverages the logic of Compound Finance within an off-chain balance state processing environment. This unique blend of technologies heralds the BTCFI ecosystem’s very first Borrowing & Lending Protocol on native Bitcoin, setting a new benchmark for financial protocols on the platform.

At the heart of Ordibank’s innovation is its seamless integration with Bitcoin Core v25.1 and ord v0.14, employing the robustness of Bitcoin nodes to ensure unparalleled security and reliability. This integration allows Ordibank to utilize virtualized smart contract logic and off-chain balance states, crafting a distinctive money market specifically designed for Atomicals and BRC20 standards.

Gracy Chen, the Managing Director of Bitget, stated, “The listing of Ordibank on Bitget is more than just an expansion of our platform’s offerings. It’s a testament to our commitment to fostering innovation within the cryptocurrency space. Ordibank’s unique approach to borrowing and lending on Bitcoin’s first layer has the potential to be a game-changer, promising to unlock unprecedented opportunities for our users and the wider ecosystem.”

Bitget has consistently expanded its market share in both spot and derivatives trading among centralized exchanges. With a focus on providing users with opportunities to invest in popular and valuable projects, Bitget’s spot market has seen significant growth. In 2023 alone, the platform added over 350 new listings, further diversifying investment options for users. Meanwhile, Bitget Wallet supports over 100 mainnets and 250,000+ tokens. Its on-chain trading function Bitget Swap enables cross-chain trading between nearly 30 mainnets.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL.