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Bitget Lists API3 (API3) in Innovation Zone and DeFi Zone

Bitget Lists API3 (API3) in Innovation Zone and DeFi Zone

Victoria, Seychelles, January 30th, 2024, Chainwire

Bitget, the world’s leading cryptocurrency exchange and Web3 company, announces the listing of API3 (API3) in Innovation Zone and DeFi Zone, reinforcing its commitment to providing cutting-edge opportunities to users. This strategic move signals Bitget’s dedication to supporting the development of diverse blockchains and ecosystems while enhancing its market offerings.

API3 addresses a critical challenge in the blockchain industry: the reliable and seamless access of smart contracts to essential real-world data. The platform aims to facilitate the creation, management, and monetization of decentralized versions of APIs on a large scale. As blockchain technology continues to permeate various sectors, ranging from decentralized finance to supply chain management, the necessity for smart contracts to deliver timely and dependable real-world data has become increasingly paramount.

With its unveiling in September 2020, the whitepaper for API3 shed light on a fundamental issue plaguing current APIs: connectivity. Presently, smart contracts lack a direct pathway to connect with APIs for the latest data, leading to an upsurge in the demand for oracles.

Gracy Chen, Managing Director of Bitget states, “Bitget seeks a good way to support the development of different blockchains and ecosystems. This project showcases the innovative potential and support for the crypto ecosystem, aligning with our commitment to offering our users access to cutting-edge projects. We aim to create a Spot Market with rich choices and excellent quality projects.”

In recent years, Bitget has consistently broadened its market reach, excelling in both spot and derivatives trading among centralized exchanges. The platform remains steadfast in its efforts to foster investment opportunities, aiming to enrich the diversity of digital assets in its spot market.

Notably, in 2023 alone, Bitget introduced over 350 new listings, demonstrating its dedication to expanding user choices. Moreover, Bitget Wallet accommodates over 100 mainnets and supports a vast array of 250,000+ tokens.

Through its on-chain trading function, Bitget Swap, users can seamlessly engage in cross-chain trading across nearly 30 mainnets.

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