cryptobriefing.com
Bitoro Network, a leveraged trading protocol and ecosystem aggregator for the perpetual futures market, has launched on Injective, a Web3-optimized platform for decentralized finance.
According to a press release shared with Crypto Briefing, the integration will provide Bitoro with new trading channels for instant and low-cost trading, integrated staking vaults, and features that would help onboard institutional clients.
Bitoro will leverage Injective’s infrastructure and onchain order book to enhance its platform and offer new markets in an MEV-resistant environment. The integration would also bring Bitoro to participation in the staking pools and vaults for various decentralized finance projects.
According to Injective, its suite of real-world asset (RWA) modules would enable Bitoro to introduce onchain perpetual futures for RWAs, which includes forex pairs and commodities, as well as spot crypto markets through ETFs and ETNs. In effect, this integration would enhance market depth and liquidity for Bitoro’s trading pairs.
“This partnership not only enhances our platform’s capabilities but also broadens our reach significantly, therefore reinforcing our commitment to providing secure, compliant, and accessible trading opportunities for all,” shares Brian Purcell, Founder and CEO of Bitoro Network.
Bitoro Network’s launch on Injective also opens its access to institutional-grade infrastructure, providing it with specialized services for increased security and compliance standards. Notably, Injective’s network is secured by over 60 global institutions collaborating as validators.
Launched sometime in March this year, Bitoro is establishing itself as a premier aggregator for perpetual liquidity ecosystems, and claims to be the world’s first leveraged trading protocol for this sector. Bitoro claims that its primary aim is to unify “the fragmented market” in a single platform. The cross-trading platform has reached over $1 billion in trading volume, less than two months since it began operations.