DeFi

<p><strong>Crypto exchanges are no longer just trading platforms. They are transforming into full-fledged DeFi ecosystems. This is the case with Bitget Wallet, which has just announced the launch of Bitget Onchain Layer, an ambitious integrated layer to access the entire universe of decentralized finance. All supported by a dedicated $10 million fund.</strong></p>
<h2 id="h-the-giants-of-crypto-are-building-their-empires">The giants of crypto are building their empires!</h2>
<p>Bitget Wallet has just announced the creation of <a href="https://www.cointribune.com/en/blackrock-launches-crypto-fund-and-deposits-100-million-on-ethereum/" target="_blank" rel="noopener noreferrer nofollow">a $10 million fund</a> to develop its crypto ecosystem. Its goal? To deploy its own on-chain services layer, “Bitget Onchain Layer.” But this heavyweight is not an isolated case. Many reputable crypto platforms are now taking this strategic path.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<p>OKX, Binance, and Kraken, all these global leaders have doubled down. Each offers their integrated decentralized crypto wallet as well as their proprietary blockchain. A large-scale initiative to provide a comprehensive service to users.</p>
<h2 id="h-simplified-access-to-the-vast-defi-world">Simplified access to the vast DeFi world</h2>
<p>At the heart of this transformation is a quest for massive crypto adoption. By bringing all services within a unique ecosystem, exchanges greatly facilitate access to decentralized finance. No more tedious back-and-forth between applications!</p>
<p>Now, a simple multi-chain wallet like Bitget Wallet is enough to interact with the vast DeFi world. Users can thus access numerous DeFi services, all within an integrated and simplified interface.</p>
<h2 id="h-new-challenges-ahead">New challenges ahead</h2>
<p>However, this DeFi shift comes with challenges for these platforms. The main difficulty remains to design a smooth and user-friendly global experience. It is necessary to master the inherent complexity of these multiple <a href="https://web3.bitget.com/en/blog/articles/bitget-wallet-roadmap-and-tokenomics?utm_source=Cointribune&amp;utm_medium=Bitget&amp;utm_campaign=Sponsorship_Bitget_article_3_Cointribune" target="_blank" rel="noopener noreferrer nofollow">interconnected decentralized services</a>.</p>
<p>Another major issue: properly integrating all the constantly evolving innovations in the crypto universe. Whether it’s DEXs, NFTs, the metaverse, Web3, or DeFi on new networks like Celestia.</p>
<p>The launch of Bitget Onchain Layer illustrates the profound transformation occurring with <a href="https://www.cointribune.com/en/major-breakdown-at-coinbase-are-your-crypto-assets-in-danger/" target="_blank" rel="noopener noreferrer nofollow">crypto exchanges</a>. We no longer see platforms limited to simple asset trading. Now, we have integrated “all-in-one” ecosystems where decentralized financial services take center stage.</p>

Crypto: Exchanges reinvent themselves into the DeFi ecosystem!

Table of Contents

Cointribune EN

Other articles published on May 25, 2024

Boost Your Passive Earnings with AST Mining’s Free Cloud Mining-Daily Payouts

Core(CORECHAIN ) Price Analysis: Can The Renwed Buyer Interest Hold The Price Above $1.9?

Google blames users for wildly inaccurate ‘AI Overview’ outputs

DCARS: Buy Ownership of Your Dream Car, Earn Daily Rewards From Rent

Cryptocurrency With Most Potential

Cryptocurrency Investors Experience a Calm Weekend

Join our free newsletter for daily crypto updates!