Victoria, Seychelles, March 8th, 2024, Chainwire

Bitget, the world’s leading cryptocurrency exchange and Web3 company, is thrilled to announce the listing of Scallop (SCA), the cutting-edge Next Generation peer-to-peer Money Market for the Sui ecosystem. As the first DeFi protocol to secure an official grant from the Sui Foundation, Scallop stands out for its commitment to institutional-grade quality, enhanced composability, and robust security.

Scallop is on a mission to revolutionize the financial landscape by providing a dynamic money market that delivers high-interest lending, low-fee borrowing, Automated Market Making (AMM), and digital asset self-administration tools all in one unified platform. Furthermore, Scallop offers an SDK tailored to meet the needs of professional traders, ensuring accessibility and convenience for all users.

With a strong emphasis on innovation and user experience, Scallop is set to redefine decentralized finance (DeFi) and usher in a new era of financial empowerment within the Sui ecosystem. As Bitget continues to expand its portfolio of supported assets, the addition of Scallop (SCA) reinforces its commitment to providing users with access to the most innovative and promising projects in the crypto space.

“Bitget is committed to supporting innovative projects that have the potential to transform the digital asset landscape, and the listing of Scallop (SCA) is a testament to that commitment,” said Gracy Chen, Managing Director of Bitget. “Scallop’s pioneering approach to peer-to-peer lending, low-fee borrowing, and digital asset administration aligns perfectly with what we are excited about and look forward to.”

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.

For more information, users can visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

Contact

Rachel Cheung
[email protected]