Bitget Announces Listing of Wormhole (W): Pioneering Cross-Chain Interoperability - Chainwire

02Apr

Bitget Announces Listing of Wormhole (W): Pioneering Cross-Chain Interoperability

Victoria, Seychelles, April 2nd, 2024, Chainwire

Bitget, a leading cryptocurrency exchange and web3 company, is proud to introduce its latest listing: Wormhole (W). Wormhole is a groundbreaking network that revolutionizes cross-chain interoperability, enabling seamless communication and data transfer between high-value blockchains.

The Wormhole Network operates as a generic message-passing protocol, connecting diverse ecosystems and facilitating the exchange of various data types, including tokens, NFTs, oracle data, and governance decisions. With the backing of 19 guardians, Wormhole ensures the security and reliability of cross-chain transactions, empowering developers to explore new possibilities in decentralized finance (DeFi) and beyond.

Wormhole opens the door to a myriad of innovative applications, transforming the way we interact with blockchain technology. Here are just a few examples of its potential use cases:

Cross-Chain Exchange: Developers can leverage Wormhole Connect to create decentralized exchanges that accept deposits from any Wormhole-connected chain, significantly enhancing liquidity for users.
Cross-Chain Governance: Groups spanning multiple blockchain networks can use Wormhole to facilitate combined governance decisions, allowing holders to vote on proposals across disparate chains and synchronize their actions on a designated “voting” chain.
Cross-Chain Gaming: Gaming platforms can harness the power of Wormhole to build interactive experiences that span multiple networks. For example, a game could be hosted on a high-performance network like Solana, with rewards issued as NFTs on a different blockchain, such as Ethereum.

Gracy Chen, Managing Director of Bitget, expressed, “At Bitget, we are committed to supporting projects that push the boundaries of blockchain technology. Wormhole’s innovative approach to cross-chain interoperability opens up a world of possibilities for developers and users alike. We believe that Wormhole will play a pivotal role in shaping the future of decentralized finance, and we are thrilled to be part of this journey.”

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. Throughout 2023, 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 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.