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Bitget Shatters Boundaries: Unveils Multi-Chain EVM-Compatible Address Support

source-logo  blockchainreporter.net 01 June 2023 14:13, UTC

In a groundbreaking move, Bitget, the renowned crypto derivatives and copy trading platform, has made history by becoming the first cryptocurrency exchange to introduce support for an EVM-compatible address.

This feature is set to transform the trading experience for Bitget users, empowering them to utilize a single address across multiple blockchains. With the ability to trade and store assets using one EVM-Compatible Address through various chains on the Bitget platform, users can now enjoy enhanced convenience and efficiency in their crypto transactions.

Embracing The Power Of EVM-Compatible Address

The launch of the EVM address support on Bitget marks a significant milestone in the crypto industry. This innovative feature integrates different blockchain networks, including Ethereum, Polygon, Binance Smart Chain, Arbitrum One, Optimism, and others within Ethereum’s layer 2 ecosystems.

By incorporating an EVM address into their Bitget accounts during transactions, users can withdraw funds directly to the EVM address, bypassing the need for intermediary steps like bridges and platform hopping.

Gracy Chen, the Managing Director of Bitget, emphasized simplifying the user experience in the complex blockchain space. Chen stated, “The blockchain space is extremely crowded, and navigating its many technical aspects is a serious impediment for new entrants. Our goal is to drastically cut down the time and effort users need for basic operations.

Chen added, “‘The EVM address feature is one such option that removes associated challenges.” Notably, this latest feature launch follows Bitget’s introduction of passwordless withdrawals and EVM address functionality which exemplifies the exchange’s commitment to streamlining crypto trading for its users.

These advancements align with Bitget’s core mission of inspiring individuals to embrace cryptocurrencies by providing them with simple yet powerful tools.

The implementation of the multi-chain EVM-compatible address support by Bitget opens up a world of possibilities for crypto enthusiasts. Users can now seamlessly interact with different blockchains and access a wide range of decentralized applications (DApps) and DeFi protocols across various networks while enjoying the convenience of a unified address.

By eliminating the need for multiple addresses and complicated cross-chain transfers, Bitget aims to lower entry barriers and make crypto trading more accessible to newcomers.

Furthermore, with Bitget leading the way in supporting the EVM-compatible address, it sets a precedent for other crypto exchanges to follow suit. As the crypto industry continues to evolve, innovations like this drive the adoption of blockchain technology and contribute to the seamless integration of various networks.

Bitget’s pioneering efforts in developing user-centric features testify to the company’s commitment to pushing boundaries and providing its users with cutting-edge solutions.