Bitget Lists Goldfinch (GFI) Expanding its Real World Asset (RWA) Offerings - Chainwire

29Mar

Bitget Lists Goldfinch (GFI) Expanding its Real World Asset (RWA) Offerings

Victoria, Seychelles, March 29th, 2024, Chainwire

Bitget, the world’s leading cryptocurrency exchange and Web3 company, has announced the listing of Goldfinch tokens GFI in its DeFi and real-world asset (RWA) zones for spot trading. The listing enables Bitget users to trade GFI and participate in its RWA ecosystem, bringing more diverse investment options from the traditional financial world to the emerging digital asset market.

Goldfinch is a DeFi platform built for global credit lending. In the decentralized finance space, it extends credit without the need for traditional collateral. By tapping into RWAs, Goldfinch unlocks a new paradigm of lending possibilities, allowing for a more inclusive financial ecosystem. Goldfinch yields come from real-world lending, and investments are collateralized off-chain, making it distinctly different from the usual highly volatile lending market in crypto.

By incorporating the principle of “trust through consensus”, the Goldfinch protocol creates a way for borrowers to show creditworthiness based on the collective assessment of other participants rather than based on their crypto assets. The protocol then uses this collective assessment as a signal for automatically allocating capital. With the elimination of the need for crypto collateral and means for passive yield, the protocol expands exposure for potential borrowers and capital providers.

Bitget’s innovation zone listings showcase high-potential projects facilitating improved accessibility to emerging DeFi ecosystems. The inclusion of GFI in Bitget’s RWA zone helps users engage in the initial launch phases of the upcoming crypto sector of real-world assets. Bitget is expanding its product offerings beyond derivatives as its rapidly listing promising coins on Spot corridor bringing users closer to the most trending sectors such as BRC20, SocialFi, GameFi, AI and RWA.

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, the platfrom is now one of the top 10 crypto spot trading platforms with over 700 coins and 800 pairs, including BTC, ETH, SOL and more. 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.

For more information about trading GFI tokens, visit – https://www.bitget.com/support/articles/12560603807427

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 25 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.