Bitget Lists LayerZero (ZRO) Token, Expanding DeFi Ecosystem

Victoria, Seychelles, June 20th, 2024, Chainwire

Bitget, a leading global cryptocurrency exchange and web3 company, is excited to announce the listing of the LayerZero (ZRO) token on its platform. LayerZero is a cutting-edge smart contract protocol that brings a new level of functionality and efficiency to blockchain interoperability.

LayerZero is known for its immutable, censorship-resistant, and permissionless nature, allowing seamless communication across multiple blockchain networks. This protocol enables anyone to send, verify, and execute messages on a supported destination network, making it a vital tool for the decentralized finance (DeFi) sector.

One of the pioneering projects utilizing ultra-light nodes for cross-chain asset transactions, LayerZero significantly reduces the costs compared to traditional methods involving light nodes and intermediate chains. By leveraging this cross-chain infrastructure, LayerZero enables the implementation of various DeFi protocols, creating a robust ecosystem. Notable projects within the LayerZero ecosystem include Stargate and Radiant, which are extensively used in decentralized exchanges such as PancakeSwap, SushiSwap, Trader Joe, and Uniswap.

Gracy Chen, CEO of Bitget, commented on the listing: "We are thrilled to list the LayerZero (ZRO) token on Bitget. LayerZero's innovative approach to cross-chain communication and its robust ecosystem of DeFi projects align perfectly with our mission to provide our users with access to the most advanced and reliable blockchain technologies. By supporting LayerZero, we enable our users to participate in a more connected and efficient DeFi landscape."

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, the platfrom is now one of the top 10 crypto spot trading platforms with over 700 coins and 800 pairs, including BTC, ETH, SOL and more. 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.

The listing of LayerZero (ZRO) on Bitget underscores the exchange’s commitment to expanding its offering of high-quality tokens and supporting innovative blockchain projects that drive the industry forward.

About Bitget

Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 25 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 Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team).