Bitget, one of the leading crypto exchanges and Web3 companies, has announced the launch of a groundbreaking trading product – a peer-to-peer (P2P) spot market. The platform currently features three tokens: ORCA, a DeFi project, BTCS, a BRC-20 token, and DIMO, a project supported in its initial version. Those who possess BRC-20 tokens obtained via Bitget Wallet or other platforms can transfer their assets to Bitget to engage in trading on the P2P spot market.
In addition, Bitget has made it known that more tokens will be added to the marketplace in the future. This move aims to support projects that, while not meeting the listing requirements of centralized exchanges, hold significant appeal for market users. By doing so, Bitget upholds its commitment to making promising decentralized services accessible on the blockchain.
“The P2P spot market is designed to facilitate interaction and trading among users interested in early-stage tokens. Our goal is to bring these tokens to centralized exchanges, rather than keeping them confined to shadowy P2P platforms,” explained Gracie Chen, Managing Director at Bitget.
This P2P spot market is expected to offer a more convenient and flexible alternative to trading BRC-20 tokens on decentralized trading platforms. Through the platform, users can subscribe to multiple sell orders for BRC-20 and enjoy faster trade execution within a centralized exchange.
Recently, Bitget unveiled the Blockchain4Her initiative to promote gender equality in Web3 and also published a transparency report for 2023. According to the report, spot trading volume on the platform experienced a tremendous growth of 94%.