press release {/netabare}
PRESS RELEASE Victoria, Seychelles, March 20, 2023 – Bitget, the largest cryptocopy trading platform, has announced plans to list its IPOR on the Innovation Zone of the Spot Market. Deposit services for digital assets will be available fromMarch 22, 2023 at 7:00 AM UTCand trading will begin at 12:00 p.m. (UTC) on the same day.
IPOR Protocol is a decentralized interest rate derivatives exchange that uses the Inter Protocol Over-block Rate (IPOR) index; through the IPOR index, IPOR AMM, liquidity pool, and asset management smart contracts, non custodian on-chain interest rate swaps. The protocol aims to bridge the gap between DeFi and TradFi by providing risk management tools such as interest rate derivatives and indices for the emerging DeFi credit market. This will increase stability and make fixed income investments more attractive to traditional financial players.
The IPOR team has a key advantage due to its vast experience with members who have been in the crypto industry since 2011: three PhDs, quant with 20+ years of fixed income experience, enterprise software developers with 15+ years of experience, and TradFi’s interest rate derivatives market is huge – 450-600 trillion notional amount – but still untapped by DeFi IPOR protocol ranks in the top 5 derivatives platforms by TVL ranked in the top 5 derivatives platforms by TVL, over $40 million, and in the top 2 by Ethereum.
Gracy Chen, Managing Director of Bitgetsays:” As a leading crypto exchange in futures and copy trading, expanding our product lineup is our main strategy this year. Even in a bear market, we are pleased to be able to support more promising projects in the fast-growing spot trading market.” We believe IPOR’s unique features will attract both DeFi and TradFi players and bring DeFi to a wider audience.”
According to CoingeckoBitget’s 24-hour trading volume is approximately $845 million, ranking it 10th among all spot exchanges. The platform currently supports over 460 coins and 529 trading pairs.
About Bitget
Bitlet” , founded in 2018, is the world’s leading cryptocurrency exchange with futures and copy trading services as its main features.Serving over 8 million users in more than 100 countries and regions, the exchange provides a secure one-stop trading solution that It is committed to helping users trade smarter by providing a secure, one-stop trading solution. It also encourages individuals to embrace crypto through collaborations with trusted partners such as Argentine soccer legend Lionel Messi, Italy’s leading soccer team Juventus, and PGL, the official eSports event organizer. According to Coingecko, Bitget is currently a top 5 futures trading platform and a top 10 spot trading platform.
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