The Etherium Virtual Machine (EVM) compatible addresses have been launched by Bitget to “connect” Ethereum, Polygon, Binance Smart Chain, Arbitrum One, Optimism, as well as other second-tier Ethereum blockchains. If users add an EVM address to their account before the transaction, and the withdrawal network is included in the EVM address, crypto-assets can be withdrawn directly to the EVM address. This eliminates unnecessary steps in the transaction of assets between networks, such as the use of bridges.
As the major public networks and wallets continue to evolve, there is a growing demand for addresses that are accessible across multiple networks at once. As Bitget points out, adding EVM-enabled addresses will eliminate the need for users to search for suitable networks and spend time determining the characteristics of addresses for withdrawal.
The launch of EVM address customization comes after Bitget added a password-free withdrawal feature. This step further eases interaction with the exchange and streamlines trading processes, saving users the time they used to spend typing in passwords and receiving verification messages;
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“The blockchain industry continues to grow, and navigating many of its technical aspects is becoming a major hurdle for new users. Our goal is to reduce the time and effort required by users for basic operations. The EVM address function is one of those options,” said Bitget managing director Gracie Chen. “With password-free withdrawals and an EVM address, Bitget makes it much easier for users to trade. The improvements Bitget is making to its ecosystem are consistent with the exchange’s core mission of inspiring people to use cryptocurrency with simple but powerful tools.”
Recall that last week Bitget began partnering with digital asset storage provider Copper to offer over-the-counter settlement to the platform’s institutional customers and launched educational courses on blockchain.