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Bitget lists pioneering dual-sided bridge MultiBit (MUBI) to propel BTC ecosystem development

Bitget lists pioneering dual-sided bridge MultiBit (MUBI) to propel BTC ecosystem development

Victoria, Seychelles, December 13th, 2023, Chainwire

Bitget, the world’s leading cryptocurrency exchange and Web3 company, announced the listing of MultiBit(MUBI). Representing a groundbreaking step forward, MultiBit is the industry’s first dual-sided bridge, meticulously crafted to facilitate effortless cross-network transfers between BRC20 and ERC20 tokens. In a drive to enhance liquidity and cross-chain interoperability, MultiBit stands as a pioneering achievement.

Promising unparalleled ease and advanced accessibility, MultiBit offers a secure and user-friendly platform for stakeholders in the cryptocurrency space. The platform’s pivotal mission revolves around elevating liquidity and accessibility for BRC and ERC tokens while maintaining robust security measures.

Notably, MultiBit simplifies the token transfer process between Bitcoin’s BRC20 and EVM networks. Commencing with the transfer of BRC20 tokens to a dedicated BRC20 address, users then witness these tokens being readied for minting on the EVM network. However, the true innovation of MultiBit unfolds through its dual-sided bridge feature, ensuring seamless transfers from EVM networks back to the Bitcoin ecosystem. With MultiBit, bridging and minting tokens for cross-chain transfers between Bitcoin and EVM networks is an effortless and secure process.

Gracy Chen, Managing Director of Bitget, states:

“MultiBit emerges as a pivotal asset in its support of the evolving BTC ecosystem. At Bitget, we remain dedicated to advancing the web3 ecosystem, and we are glad to introduce MultiBit as part of this commitment. Our aim is not only to create a Spot Market offering an array of high-quality projects but to continue supporting the development of the web3 ecosystem.”

The addition of MultiBit to Bitget’s trading platform reflects its unwavering dedication to pioneering technological solutions that actively contribute to the burgeoning cryptocurrency ecosystem, ensuring that users have access to secure, efficient, and intelligent platforms for their financial needs.

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…

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